6016 New Castle Rd, Morris, AL

$180,000

Rent Rate: $1,375 | 9.52% ROI (leveraged)
3 Beds 2 Baths 1,266 Sq Ft Garage/Carport: N/A
Built in 1955 Lot Size: ~2.67 Acres Basement: N/A
Projected Completion Date: 1/17/2025

Property Calculations

  • Purchase Price: $180,000
  • Rent Range: $1325-$1425
  • Rent Used In Calculations: $1,375
  • Annual Taxes: $950
  • Annual Insurance: $826
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $13,239
  • Annual Net Income (finance 20% 30yr): $3,428

Leveraged Cash-on-Cash

  • 1 Year: $3,427.61
  • 5 Year: $5,172.79
  • 15 Year: $10,326.09

Cap Rate

  • 1 Year: 7.36%
  • 5 Year: 8.28%
  • 15 Year: 11.13%

Capital Appreciation

  • 10 Year: $25,141
  • 20 Year: $68,662
  • 30 Year: $144,000