650 Long Ave, Cordova, AL

$150,000

Rent Rate: $1,175 | 9.62% ROI (leveraged)
4 Beds 2 Baths 2,144 Sq Ft Garage/Carport: N/A
Built in 1945 Lot Size: ~.60 Acres Basement: N/A
Projected Completion Date: 12/31/2024

Property Calculations

  • Purchase Price: $150,000
  • Rent Range: $1125-$1225
  • Rent Used In Calculations: $1,175
  • Annual Taxes: $750
  • Annual Insurance: $1,020
  • HOA Fees: 0
  • Property Management Fees: 9%
  • Annual Net Income (cash): $11,061
  • Annual Net Income (finance 20% 30yr): $2,885

Leveraged Cash-on-Cash

  • 1 Year: $2,884.84
  • 5 Year: $4,344.50
  • 15 Year: $8,650.57

Cap Rate

  • 1 Year: 7.37%
  • 5 Year: 8.30%
  • 15 Year: 11.15%

Capital Appreciation

  • 10 Year: $20,951
  • 20 Year: $57,218
  • 30 Year: $120,000