3745 Seaside Sparrow Cir Lot 14, Bessemer, AL

$278,000

Rent Rate: $1,900 | 6.36% ROI (leveraged)
3 Beds 2 Baths 1,613 Sq Ft Garage/Carport: 2-Car
Built in 2023 Lot Size: ~.16 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: Complete!
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Property Calculations

  • Purchase Price: $278,000
  • Rent Range: $1850-$1950
  • Rent Used In Calculations: $1,900
  • Annual Taxes: $2,473
  • Annual Insurance: $500
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $18,687
  • Annual Net Income (finance 20% 30yr): $3,534

Leveraged Cash-on-Cash

  • 1 Year: $3,533.85
  • 5 Year: $5,943.38
  • 15 Year: $13,198.83

Cap Rate

  • 1 Year: 6.72%
  • 5 Year: 7.57%
  • 15 Year: 10.17%

Capital Appreciation

  • 10 Year: $83,400
  • 20 Year: $166,800
  • 30 Year: $250,200
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