Reed Road
2413 Reed Road, Birmingham, AL 35215

RATE OF RETURN
With Financing
17.2%
Cash Flow per Month
$229
20% Down Conventional Loan 30 yr
RATE OF RETURN
Without Financing
9.2%
Cash Flow per Month
$612
CONDITION - EXCELLENT

Purchase Price

$79,900

Estimated Rent

$825

Property Details

  • Beds & Baths: 3 Beds / 1.5 Baths
  • Garage / Carport: 1 Car CP + 2 Pads
  • Year Built: 1957
  • Lot Size: .44 Acres
  • Square Feet: 1150
  • Not Currently Rented
    Put on market for rent on 3/10/14, rent guarantee applies now
  • Brand new 40 yr Tin Roof
  • Completely Remodeled Kitchen with tons of cabinets
  • Newly Added Master Bed/Bath Suite with Walk-in Closet
  • Convient Location
  • Refinished Hardwood Floors

SPARTAN RETURN
16 Years +
36.8%
The "Spartan Return" is an estimate for what your rate of return would be AFTER you paid off your mortgage or financing on the property. This return assumes you put 25% down on the Purchase Price and you financed the remainder for 15 years.

Additional Investment Information

  • Purchase Price: $79,900
  • Estimated Rent: $825
  • Annual Taxes: $947
  • Annual Insurance: $721
  • HOA Fees: $0
  • Property Management Fee: $891
  • Maintenance Cost: $0
  • Annual Net Income: $7,341 - on Cash Purchase
  • Annual Net Income: $2,743 - 20% Down @ 6% APR for the First 30 Years