$215,000
1419 Ashville Rd
Leeds AL, 35094
Financial Returns
FinancingCash Flow/mo: $605
CashCash Flow/mo: $1,572
27.25%IRR
8.56%CAP Rate
13.24%Cash On Cash
$5,000Equity
Property Information
- Beds: 4
- Baths: 1
- Sq Feet: 1,687
- Year: 1956
- Monthly Rent: $1,850
- Property Taxes: $742
- Annual HOA: $0
This property sits on a big lot! In good condition and rented! 24 month lease!
Lease Term - 4/21/25 - 4/20/27
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! 8% thereafter.
Financial Projections
Debt (159k, 155k, 150k, 135k) Equity (57k, 61k, 66k, 81k) Appreciation (11k, 35k, 62k, 141k) Cash Positioning (7k, 23k, 42k, 100k)
Financing Assumptions
| Loan Amount | $161,250 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $967 |
Initial Investment
| Down Payment (25%) | $53,750 |
| Credit From Seller | -$4,300 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $2,150 |
| Points (2%) | $3,225 |
| Total Out Of Pocket | $54,825 |
Property KPI Without Financing
| Annual Cash Flow | $18,861 |
| All In Cost | $220,375 |
| Cap Rate | 8.56% |
Property KPI With Financing
| Annual Cash Flow | $7,260 |
| Total Out Of Pocket | $54,825 |
| Cash On Cash | 13.24% |
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 | 13.31% | 13.31% | 13.31% | 13.31% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,850 | $22,200 | $23,552 | $24,986 | $28,966 |
| Vacancy Rate (2%) | $37 | $444 | $471 | $500 | $579 |
| Gross Rental Income | $1,813 | $21,756 | $23,081 | $24,487 | $28,387 |
| Expenses | |||||
| Estimated Annual Property Taxes | $62 | $742 | $787 | $835 | $968 |
| Estimated Annual Homeowners Insurance | $125 | $1,500 | $1,591 | $1,688 | $1,957 |
| Maintenance & Repairs (3%) | $54 | $653 | $692 | $735 | $852 |
| 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 | $241 | $2,895 | $3,071 | $3,258 | $3,777 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,572 | $18,861 | $20,010 | $21,229 | $24,610 |
| Net Cashflow | $18,861 | $20,010 | $21,229 | $24,610 | |
| Cap Rate | 8.56% | 9.08% | 9.63% | 11.17% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,572 | $18,861 | $20,010 | $21,229 | $24,610 |
| Mortgage | $967 | $11,601 | $11,601 | $11,601 | $11,601 |
| Net Cashflow | $7,260 | $8,409 | $9,627 | $13,008 | |
| Cash On Cash | 13.24% | 15.34% | 17.56% | 23.73% | |
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.