3741 Seaside Sparrow Cir Lot 15, Bessemer, AL

$290,000

Rent Rate: $2,100 | 8.06% ROI (leveraged)
4 Beds 2.5 Baths 1,601 Sq Ft Garage/Carport: 2-Car
Built in 2023 Lot Size: ~.15 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: Complete!

Property Calculations

  • Purchase Price: $290,000
  • Rent Range: $2050-$2150
  • Rent Used In Calculations: $2,100
  • Annual Taxes: $2,859
  • Annual Insurance: $600
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $20,481
  • Annual Net Income (finance 20% 30yr): $4,674

Leveraged Cash-on-Cash

  • 1 Year: $4,673.75
  • 5 Year: $7,315.21
  • 15 Year: $15,267.40

Cap Rate

  • 1 Year: 7.06%
  • 5 Year: 7.95%
  • 15 Year: 10.68%

Capital Appreciation

  • 10 Year: $87,000
  • 20 Year: $174,000
  • 30 Year: $261,000