623 Pinewood Avenue, Bessemer, AL

$148,000

Rent Rate: $1,175 | 9.42% ROI (leveraged)
3 Beds 1 Baths 1,224 Sq Ft Garage/Carport: N/A
Built in 1959 Lot Size: ~.4 Acres Basement: N/A
Projected Completion Date: 6/10/2024

Property Calculations

  • Purchase Price: $148,000
  • Rent Range: $1125-$1225
  • Rent Used In Calculations: $1,175
  • Annual Taxes: $1,160
  • Annual Insurance: $815
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $10,856
  • Annual Net Income (finance 20% 30yr): $2,789

Leveraged Cash-on-Cash

  • 1 Year: $2,788.85
  • 5 Year: $4,222.79
  • 15 Year: $8,449.50

Cap Rate

  • 1 Year: 7.34%
  • 5 Year: 8.26%
  • 15 Year: 11.10%

Capital Appreciation

  • 10 Year: $20,671
  • 20 Year: $56,455
  • 30 Year: $118,400