EXCLUSIVE Off-Market Equity Deal for SDI investors – Birmingham ($175k)! [Code: 450-470]

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What makes this rental interesting:
  • This property is more of an equity play as cash flow with current interest rate is on the low side
  • Exclusive off-market opportunity for SDI clients only! 
  • ~$20K in instant equity
  • When purchased in cash, at 10-years, this property is estimated to NET $211K (not including tax benefits)
  • 2 neighboring houses available.  Buy 1 or both!
  • Both houses are tenant occupied – rented from day one
  • SDI's property manager has been managing these two for about 2 months
  • 3 bedroom, 2 bath Single Family Home(s) 
  • Great location with quick access to major commuting routes and shopping
  • B- rated schools.  Many families in this area access alternative school options such as private and charter schools
  • Exclusive Off-Market Opportunity
  • Highly sought after neighborhood
  • 4,350+ square foot lot
  • Currently occupied with tenants. Awaiting rental details from the local team.
  • This can be financed or purchased with a cash offer
  • One or Two homes can be acquired from the same seller
  • Homes are next door to each other
Cash or Financing
  • Each or both can be purchased cash or you can use a mortgage
  • CASH is suggested for two reasons:
    • Makes offer more attractive to seller
    • With current interest rate cash flow at 30% down is estimated at about $1500 per year
  • When refrained in the next few years to 6% this property will generate an additional $1300 per year based on current figures

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

  • Built: 2006
  • Size: 1,334 square foot home
  • Low Crime, Desirable Community, Great 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: Carter/Don  – email directly at bir1@simplydoit.net

Code: 450-470

Property Specifications1
 Square Feet1334
 Year Built2006
 Garage Size0
 Schools Rating (on scale of A-C)B-
Purchase AssumptionsMy Offer
Offer used for analysis$175,500
Suggested offer (low)$170,000
Suggested offer (high)$195,000
Market Value (after improvements)$195,000
Improvements (lower)$5,000
Improvements (upper)$12,000
Closing Costs$1,755
Mortgage Costs$0
Other Fees At Closing (pts, . . . )$0
Total Cost $185,755
Original listing date8/18/23
DOM (days on market – TODAY)40
Financing Assumptions 
 Down Payment (%)CASH Purchase100%
 Down Payment Amount$175,482
 Financed Amount$18
 Interest Rate 7.375%
 Mortgage Term (Years)30
 Monthly Mortgage Payment$0
 Cash Outlay (Total Out of Pocket) $185,737
Financial AssumptionsMonthlyYearly
Rent (upper)$1,425$1,500$18,000
Rent (lower)$1,350$16,200
Property Tax Rate (Approx.)   
Property Taxes $200$2,400
Insurance $110$1,320
Repairs $75$900
Property Management Monthly (%)8.0% 
Property Management Monthly ($)$114$1,368
Leasing Fee60%$35.6$428
HOA or Fixed Costs$0$0
Vacancy Rate 4.0% 
Total Fixed Expenses41%$587$7,045
 Total Expenses (Fixed + Mortgage)$587$7,046
Financial Analysis / Deal Attractiveness    
 Cap Rate5.8%6.3%6.9%7.6%
 Net Cash Flow$53,908$117,852$193,584$283,146
 Equity Increase$42,248$93,650$156,188$232,275
 Total Gain$96,156$211,502$349,771$515,421
 Average Cash Flow/Year$10,782$11,785$12,906$14,157
 Average Cash Flow/Month$898$982$1,075$1,180
 Average Gain/Year$19,231$21,150$23,318$25,771
 Average ROI51.8%113.9%188.3%277.5%
 Annual ROI10.4%11.4%12.6%13.9%
 Projected Property Value$237,247$288,648$351,184$427,269
Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Square Feet  1,0001,334FAVORABLE
 Bedrooms  33FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19702006FAVORABLE
 Average Cash Flow (at year 5)  $125$898FAVORABLE
 Average ROI (at year 5)  15%10.4%INSUFFICIENT


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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.