$179,000
2700 Forestdale Blvd
Adamsville AL, 35005
Financial Returns
FinancingCash Flow/mo: $565
CashCash Flow/mo: $1,316
24.81%IRR
8.62%CAP Rate
12.46%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 2
- Sq Feet: 1,623
- Year: 1940
- Monthly Rent: $1,525
- Property Taxes: $700
- Annual HOA: $0
Nice rehab and rented and sits on a big lot! 24 month lease!
Lease Term - 5/30/25 - 5/29/27
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
Financial Projections
Debt (124k, 120k, 117k, 105k) Equity (56k, 59k, 63k, 75k) Appreciation (9k, 29k, 50k, 115k) Cash Positioning (7k, 22k, 39k, 91k)
Financing Assumptions
| Loan Amount | $125,300 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $751 |
Initial Investment
| Down Payment (30%) | $53,700 |
| Credit From Seller | -$3,580 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,790 |
| Points (2%) | $2,506 |
| Total Out Of Pocket | $54,416 |
Property KPI Without Financing
| Annual Cash Flow | $15,796 |
| All In Cost | $183,296 |
| Cap Rate | 8.62% |
Property KPI With Financing
| Annual Cash Flow | $6,781 |
| Total Out Of Pocket | $54,416 |
| Cash On Cash | 12.46% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 11.92% | 11.92% | 11.92% | 11.92% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,525 | $18,300 | $19,414 | $20,597 | $23,877 |
| Vacancy Rate (2%) | $31 | $366 | $388 | $412 | $478 |
| Gross Rental Income | $1,495 | $17,934 | $19,026 | $20,185 | $23,400 |
| Expenses | |||||
| Estimated Annual Property Taxes | $58 | $700 | $743 | $788 | $913 |
| Estimated Annual Homeowners Insurance | $75 | $900 | $955 | $1,013 | $1,174 |
| Maintenance & Repairs (3%) | $45 | $538 | $571 | $606 | $702 |
| Estimated Annual Prop Mgmt Fee (0%) | $0 | $0 | $0 | $0 | $0 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Total Expenses | $178 | $2,138 | $2,268 | $2,406 | $2,790 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,316 | $15,796 | $16,758 | $17,779 | $20,610 |
| Net Cashflow | $15,796 | $16,758 | $17,779 | $20,610 | |
| Cap Rate | 8.62% | 9.14% | 9.7% | 11.24% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,316 | $15,796 | $16,758 | $17,779 | $20,610 |
| Mortgage | $751 | $9,015 | $9,015 | $9,015 | $9,015 |
| Net Cashflow | $6,781 | $7,743 | $8,764 | $11,595 | |
| Cash On Cash | 12.46% | 14.23% | 16.1% | 21.31% | |
Property Photos
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Turnkey End Buyer strategy. All figures are estimates for information only. Verify independently before investing.