$156,000
121 Mulberry Rd
Birmingham AL, 35214
Financial Returns
FinancingCash Flow/mo: $549
CashCash Flow/mo: $1,204
26.11%IRR
9.04%CAP Rate
13.89%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 2
- Sq Feet: 1,259
- Year: 1955
- Monthly Rent: $1,459
- Property Taxes: $750
- Annual HOA: $0
In good condition, already rented and cash flowing!
Lease Term - 6/14/25 - 6/13/26.
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
Financial Projections
Debt (108k, 105k, 102k, 91k) Equity (49k, 52k, 55k, 65k) Appreciation (8k, 25k, 44k, 100k) Cash Positioning (7k, 21k, 37k, 87k)
Financing Assumptions
| Loan Amount | $109,200 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $655 |
Initial Investment
| Down Payment (30%) | $46,800 |
| Credit From Seller | -$3,120 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,560 |
| Points (2%) | $2,184 |
| Total Out Of Pocket | $47,424 |
Property KPI Without Financing
| Annual Cash Flow | $14,443 |
| All In Cost | $159,744 |
| Cap Rate | 9.04% |
Property KPI With Financing
| Annual Cash Flow | $6,587 |
| Total Out Of Pocket | $47,424 |
| Cash On Cash | 13.89% |
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 | 15.82% | 15.82% | 15.82% | 15.82% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,459 | $17,508 | $18,574 | $19,705 | $22,844 |
| Vacancy Rate (2%) | $29 | $350 | $371 | $394 | $457 |
| Gross Rental Income | $1,430 | $17,158 | $18,203 | $19,311 | $22,387 |
| Expenses | |||||
| Estimated Annual Property Taxes | $63 | $750 | $796 | $844 | $979 |
| Estimated Annual Homeowners Insurance | $121 | $1,450 | $1,538 | $1,632 | $1,892 |
| Maintenance & Repairs (3%) | $43 | $515 | $546 | $579 | $672 |
| 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 | $226 | $2,715 | $2,880 | $3,055 | $3,542 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,204 | $14,443 | $15,323 | $16,256 | $18,845 |
| Net Cashflow | $14,443 | $15,323 | $16,256 | $18,845 | |
| Cap Rate | 9.04% | 9.59% | 10.18% | 11.8% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,204 | $14,443 | $15,323 | $16,256 | $18,845 |
| Mortgage | $655 | $7,857 | $7,857 | $7,857 | $7,857 |
| Net Cashflow | $6,587 | $7,466 | $8,399 | $10,988 | |
| Cash On Cash | 13.89% | 15.74% | 17.71% | 23.17% | |
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.