$160,000
2501 Fairfax Ave
Bessemer AL, 35020
Financial Returns
FinancingCash Flow/mo: $604
CashCash Flow/mo: $1,323
31.10%IRR
9.68%CAP Rate
17.75%Cash On Cash
$0Equity
Property Information
- Beds: 4
- Baths: 2
- Sq Feet: 2,097
- Year: 1962
- Monthly Rent: $1,554
- Property Taxes: $772
- Annual HOA: $0
In good condition and already rented!
Lease Term - 11/24/25 - 11/23/26
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
Financial Projections
Debt (119k, 115k, 112k, 100k) Equity (42k, 45k, 49k, 60k) Appreciation (8k, 26k, 45k, 102k) Cash Positioning (7k, 23k, 41k, 96k)
Financing Assumptions
| Loan Amount | $120,000 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $719 |
Initial Investment
| Down Payment (25%) | $40,000 |
| Credit From Seller | -$3,200 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,600 |
| Points (2%) | $2,400 |
| Total Out Of Pocket | $40,800 |
Property KPI Without Financing
| Annual Cash Flow | $15,877 |
| All In Cost | $164,000 |
| Cap Rate | 9.68% |
Property KPI With Financing
| Annual Cash Flow | $7,243 |
| Total Out Of Pocket | $40,800 |
| Cash On Cash | 17.75% |
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 | 13.12% | 13.12% | 13.12% | 13.12% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,554 | $18,648 | $19,784 | $20,988 | $24,331 |
| Vacancy Rate (2%) | $31 | $373 | $396 | $420 | $487 |
| Gross Rental Income | $1,523 | $18,275 | $19,388 | $20,569 | $23,845 |
| Expenses | |||||
| Estimated Annual Property Taxes | $64 | $772 | $819 | $869 | $1,007 |
| Estimated Annual Homeowners Insurance | $90 | $1,078 | $1,144 | $1,213 | $1,407 |
| Maintenance & Repairs (3%) | $46 | $548 | $582 | $617 | $715 |
| 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 | $200 | $2,398 | $2,544 | $2,699 | $3,129 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,323 | $15,877 | $16,844 | $17,869 | $20,716 |
| Net Cashflow | $15,877 | $16,844 | $17,869 | $20,716 | |
| Cap Rate | 9.68% | 10.27% | 10.9% | 12.63% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,323 | $15,877 | $16,844 | $17,869 | $20,716 |
| Mortgage | $719 | $8,634 | $8,634 | $8,634 | $8,634 |
| Net Cashflow | $7,243 | $8,210 | $9,236 | $12,082 | |
| Cash On Cash | 17.75% | 20.12% | 22.64% | 29.61% | |
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.