406 Forest Rd, Hueytown, AL

$174,000

Rent Rate: $1,350 | 10.19% ROI (leveraged)
3 Beds 2 Baths 1,200 Sq Ft Garage/Carport: N/A
Built in 1953 Lot Size: ~.32 Acres Basement: Unfinished
Projected Completion Date: 11/15/2024

Property Calculations

  • Purchase Price: $174,000
  • Rent Range: $1300-$1400
  • Rent Used In Calculations: $1,350
  • Annual Taxes: $750
  • Annual Insurance: $963
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $13,029
  • Annual Net Income (finance 20% 30yr): $3,545

Leveraged Cash-on-Cash

  • 1 Year: $3,544.65
  • 5 Year: $5,261.96
  • 15 Year: $10,333.45

Cap Rate

  • 1 Year: 7.49%
  • 5 Year: 8.43%
  • 15 Year: 11.33%

Capital Appreciation

  • 10 Year: $24,303
  • 20 Year: $66,373
  • 30 Year: $139,200