Think outside the box in Birmingham Metro! [Code: 419]

Why THIS deal??
  • ~$15K instant equity
  • Completely renovated.  Little to no make-ready needed to get this house rented at top dollar.
  • Cash flow breaks even until you can refinance
  • Once you're able to refinance (we used 4.5% which is a typical interest rate over the last decade) and cash flow is over $250/mo.
  • This property is right on the outskirts of neighborhoods with $500k-over million dollars homes.  Great for future comps and appreciation. 

After 15 Years (no mortgage)
Original purchase price$345,000
Total investment (out of pocket)$97,125
15 yrs Project house value$748,206
Value (appreciation) Gain$403,206
15 yrs cash-flow generated$32,578
Total Gain$435,785
ROI (15 yrs)448.7%
ROI (annually)29.9%
Free & Clear cash flow (yr.)$23,792
Free & Clear cash flow (m)$1,983

  • 4 bedroom, 2 bath Single Family Home WITH finished attic room and storage
  • Quick access to highways and shopping
  • On the market for only 21 days.  Good Negotiation Tool
  • Rents used in property analysis are conservative
  • Price has already been dropped by $20K
  • Zero HOA fees
  • Backyard boasts a wood deck for entertaining
  • A-rated schools.  BEST in the area! 
  • Very close to shopping (walkable)
  • Area undergoing high appreciation and increasing rents
  • Detached 2-car garage
  • 7,841 square foot lot

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

  • Built: 1980
  • Size: 1,575 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

Code: 419

Property Specifications1
 Square Feet1575
 Year Built1980
 Garage Size2
 Schools Rating (on scale of A-C)A

Purchase AssumptionsMy OfferPer Door
Offer used for analysis$345,000 
Suggested offer (low)$345,000 
Suggested offer (high)$345,000 
Market Value (after improvements)$359,900 
Improvements (lower)$1,500 
Improvements (upper)$3,000 
Closing Costs$3,450 
Mortgage Costs$3,450 
Other Fees At Closing$1,7250.5 point
Total Cost $355,875 

Financial AssumptionsMonthlyYearly
Rent (upper)$2,450$2,550$30,600
Rent (lower)$2,350$28,200
Property Tax Rate (Approx.)1.0% 
Property Taxes $400$4,800
Insurance $125$1,500
Repairs $75$900
Variable-Cost PM 8.0% 
Property Management Fee$196$2,352
Leasing Fee60%$61.3$735
HOA $0$0
Vacancy Rate 4.0% 
Total Fixed Expenses$947$11,369
 Total Expenses (Fixed + Mortgage)$2,499$29,985

Financial Analysis / Deal Attractiveness    
 Cap Rate0.2%1.2%2.2%3.4%
 Net Cash Flow$754$11,275$32,578$65,787
 Equity Increase$117,406$268,553$463,218$714,039
 Total Gain$118,160$279,828$495,796$779,826
 Average Cash Flow/Year$151$1,127$2,172$3,289
 Average Cash Flow/Month$13$94$181$274
 Average Gain/Year$23,632$27,983$33,053$38,991
 Average ROI121.7%288.1%510.5%802.9%
 Annual ROI24.3%28.8%34.0%40.1%
 Projected Property Value$459,334$586,239$748,206$954,922

Property Ratings Suggestions
 Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
 Square Feet  1,0001,575FAVORABLE
 Bedrooms  34FAVORABLE
 Bathrooms  22FAVORABLE
 Year Built  19701980FAVORABLE
 Rent/Price (%)  0.75%0.74%INSUFFICIENT
 Average Cash Flow (at year 5)  $125$13INSUFFICIENT
 Average ROI (at year 5)  15%24.3%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.