$188,000
1714 19th St
Northport AL, 35476
Financial Returns
FinancingCash Flow/mo: $668
CashCash Flow/mo: $1,514
30.25%IRR
9.43%CAP Rate
16.73%Cash On Cash
$2,000Equity
Property Information
- Beds: 4
- Baths: 2
- Sq Feet: 1,848
- Year: 1950
- Monthly Rent: $1,715
- Property Taxes: $598
- Annual HOA: $0
This property is rehabbed and rented! 24 month lease!
Lease Term - 5/1/25 - 4/30/27
2% SELLER CONCESSIONS TOWARDS BUYERS CLOSING COSTS!
*FREE PROPERTY MANAGEMENT FOR THE FIRST 12 MONTHS! After that it is 8%.
Financial Projections
Debt (139k, 135k, 131k, 118k) Equity (50k, 53k, 58k, 71k) Appreciation (10k, 30k, 53k, 122k) Cash Positioning (8k, 26k, 46k, 107k)
Financing Assumptions
| Loan Amount | $141,000 |
| Financed Rehab Amount | $0 |
| Interest Rate | 6% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $845 |
Initial Investment
| Down Payment (25%) | $47,000 |
| Credit From Seller | -$3,760 |
| Rehab Amount | $0 |
| Est Closing Cost (1%) | $1,880 |
| Points (2%) | $2,820 |
| Total Out Of Pocket | $47,940 |
Property KPI Without Financing
| Annual Cash Flow | $18,165 |
| All In Cost | $192,700 |
| Cap Rate | 9.43% |
Property KPI With Financing
| Annual Cash Flow | $8,021 |
| Total Out Of Pocket | $47,940 |
| Cash On Cash | 16.73% |
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 | 9.93% | 9.93% | 9.93% | 9.93% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $1,715 | $20,580 | $21,833 | $23,163 | $26,852 |
| Vacancy Rate (2%) | $34 | $412 | $437 | $463 | $537 |
| Gross Rental Income | $1,681 | $20,168 | $21,397 | $22,700 | $26,315 |
| Expenses | |||||
| Estimated Annual Property Taxes | $50 | $598 | $634 | $673 | $780 |
| Estimated Annual Homeowners Insurance | $67 | $800 | $849 | $900 | $1,044 |
| Maintenance & Repairs (3%) | $50 | $605 | $642 | $681 | $789 |
| 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 | $167 | $2,003 | $2,125 | $2,254 | $2,614 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,514 | $18,165 | $19,272 | $20,445 | $23,702 |
| Net Cashflow | $18,165 | $19,272 | $20,445 | $23,702 | |
| Cap Rate | 9.43% | 10% | 10.61% | 12.3% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,514 | $18,165 | $19,272 | $20,445 | $23,702 |
| Mortgage | $845 | $10,144 | $10,144 | $10,144 | $10,144 |
| Net Cashflow | $8,021 | $9,127 | $10,301 | $13,557 | |
| Cash On Cash | 16.73% | 19.04% | 21.49% | 28.28% | |
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.