$160,000
128 Grandview Dr
Birmingham AL, 35214
Financial Returns
FinancingCash Flow/mo: $547
CashCash Flow/mo: $1,266
29.53%IRR
9.27%CAP Rate
16.09%Cash On Cash
$0Equity
Property Information
- Beds: 3
- Baths: 2
- Sq Feet: 1,250
- Year: 1950
- Monthly Rent: $1,475
- Property Taxes: $680
- Annual HOA: $0
Nice rehab, and already rented and cash flowing!
Lease Term - 1/19/25 - 1/18/26.
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, 21k, 38k, 88k)
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 | $15,197 |
| All In Cost | $164,000 |
| Cap Rate | 9.27% |
Property KPI With Financing
| Annual Cash Flow | $6,563 |
| Total Out Of Pocket | $40,800 |
| Cash On Cash | 16.09% |
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 | 12.39% | 12.39% | 12.39% | 12.39% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,475 | $17,700 | $18,778 | $19,922 | $23,094 |
| Vacancy Rate (2%) | $30 | $354 | $376 | $398 | $462 |
| Gross Rental Income | $1,446 | $17,346 | $18,402 | $19,523 | $22,633 |
| Expenses | |||||
| Estimated Annual Property Taxes | $57 | $680 | $721 | $765 | $887 |
| Estimated Annual Homeowners Insurance | $79 | $949 | $1,007 | $1,068 | $1,238 |
| Maintenance & Repairs (3%) | $43 | $520 | $552 | $586 | $679 |
| 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 | $179 | $2,149 | $2,280 | $2,419 | $2,804 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,266 | $15,197 | $16,122 | $17,104 | $19,828 |
| Net Cashflow | $15,197 | $16,122 | $17,104 | $19,828 | |
| Cap Rate | 9.27% | 9.83% | 10.43% | 12.09% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,266 | $15,197 | $16,122 | $17,104 | $19,828 |
| Mortgage | $719 | $8,634 | $8,634 | $8,634 | $8,634 |
| Net Cashflow | $6,563 | $7,489 | $8,470 | $11,195 | |
| Cash On Cash | 16.09% | 18.35% | 20.76% | 27.44% | |
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.