Birmingham Rental with amazing potential code [1252]

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  • 3 bedroom 2.5 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Around $300/mo. cash flow
  • Move-in ready for a renter
  • 2 car detached garage
  • The main level includes an open concept floor plan for easy entertaining and family living
  • New owners will enjoy an upgraded kitchen with stainless steel appliances, refinished countertops & cabinets
  • Covered outdoor sitting area that opens to a large yard fenced yard
  • A wood burning fireplace w/ marble surround and crown molding round out the first floor

Why should you consider this house / what makes it a good investment?

  • Built: 2006
  • Size: 1,704  sq ft
  • Quiet residential street, Desirable community, good schools

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Birmingham

Team: Don/Carter – email directly at bir1@simplydoit.net

Code: 1252



Property Specifications1
 Bedrooms3
 Bathrooms2.5
 Square Feet1704
 Year Built2006
 Garage Size2
 Schools Rating (on scale of A-F)B+

Purchase AssumptionsMy Offer
Offer used for analysis$250,000
Suggested offer (low)$250,000
Suggested offer (high)$250,000
Asking$250,000
Market Value (after improvements)$250,000
Improvements (lower)$1,500
Improvements (upper)$2,500
Closing Costs$2,500
Mortgage Costs$2,500
Other Fees At Closing$0
Total Cost $257,000

Financial AssumptionsMonthlyYearly
Rent (upper)$1,688$1,875$22,500
Rent (lower)$1,500$18,000
 Property Tax Rate (Approx.)1.0% 
 Property Taxes$105$1,260
 Insurance$105$1,260
 Repairs$75$900
Variable-Cost PM8.0% 
Property Management Fee$135$1,620
 Leasing Fee60%$42.2$506
 HOA$28$336
 Vacancy Rate4.0% 
 Total Fixed Expenses$552$6,627
 Total Expenses (Fixed + Mortgage)$1,434$17,208

Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate5.2%6.2%7.4%8.6%
 Net Cash Flow$17,991$43,360$76,875$119,385
 Equity Increase$72,419$160,469$267,524$397,685
 Total Gain$90,410$203,829$344,399$517,070
      
 Average Cash Flow/Year$3,598$4,336$5,125$5,969
 Average Cash Flow/Month$300$361$427$497
 Average Gain/Year$18,082$20,383$22,960$25,854
 Average ROI130.1%293.3%495.5%744.0%
 Annual ROI26.0%29.3%33.0%37.2%
 Projected Property Value$304,163$370,061$450,236$547,781

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
INSUFFICIENT
 Schools  BBFAVORABLE
 Square Feet 10001,704FAVORABLE
 Bedrooms 33FAVORABLE
 Bathrooms 22.5FAVORABLE
 Year Built 19702006FAVORABLE
 Rent/Price (%) 0.75%0.75%FAVORABLE
 Average Cash Flow (at year 5)$125$300FAVORABLE
 Average ROI (at year 5)15%26.0%FAVORABLE

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Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.