RARE Birmingham Metro New Construction [code: 94]

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*Financing payments do not start on new construction until the property is finished
  • 4 bedroom 2 bath single family residence
  • Highly sought after neighborhood
  • No (low) crime area
  • Beautiful kitchen fully equipped with energy-efficient appliances, ample counter space, and roomy pantry
  • About $145/mo. cash flow 
  • 2 car attached garage
  • Brand new build! 
  • Good schools
  • 5,227 square foot lot

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

  • Built: 2022
  • Size: 1,459  sq ft
  • Quiet residential street, Desirable community, B rated 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 – email directly at bir1@simplydoit.net

            Code: 94

            Property Specifications1
             Square Feet1459
             Year Built2022
             Garage Size2
             Schools Rating (on scale of A-F)B

            Purchase AssumptionsMy Offer
            Offer used for analysis$236,510
            Suggested offer (low)$236,510
            Suggested offer (high)$236,510
            Market Value (after improvements)$236,510
            Improvements (lower)$500
            Improvements (upper)$2,500
            Closing Costs$2,365
            Mortgage Costs$2,365
            Other Fees At Closing$0
            Total Cost $242,740

            Financial AssumptionsMonthlyYearly
            Rent (upper)$1,600$1,800$21,600
            Rent (lower)$1,400$16,800
             Property Tax Rate (Approx.)1.4% 
             Property Taxes$215$2,580
            Variable-Cost PM8.0% 
            Property Management Fee$128$1,536
             Leasing Fee60%$40.0$480
             Vacancy Rate4.0% 
             Total Fixed Expenses$585$7,019
             Total Expenses (Fixed + Mortgage)$1,497$17,962

            Financial Analysis / Deal Attractiveness    
             Cap Rate2.7%3.7%4.7%5.9%
             Net Cash Flow$8,673$23,944$46,500$77,099
             Equity Increase$53,050$116,093$191,120$280,546
             Total Gain$61,723$140,037$237,620$357,645
             Average Cash Flow/Year$1,735$2,394$3,100$3,855
             Average Cash Flow/Month$145$200$258$321
             Average Gain/Year$12,345$14,004$15,841$17,882
             Average ROI94.4%214.3%363.6%547.2%
             Annual ROI18.9%21.4%24.2%27.4%
             Projected Property Value$274,180$317,850$368,475$427,163

            Property Ratings Suggestions
             Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
             Schools  BBFAVORABLE
             Square Feet 10001,459FAVORABLE
             Bedrooms 34FAVORABLE
             Bathrooms 22FAVORABLE
             Year Built 19702022FAVORABLE
             Rent/Price (%) 0.75%0.76%FAVORABLE
             Average Cash Flow (at year 5)$125$145FAVORABLE
             Average ROI (at year 5)15%18.9%FAVORABLE

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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.