1008 Melody Drive Case Study

1008 Melody Drive, Birmingham, AL 35214

Case Study

Purchase Price

$82,500

Estimated Rent

$775

RATE OF RETURN With Financing

19.1% Cash Flow per Month: $262

RATE OF RETURN Without Financing

9.0% Cash Flow per Month: $617

SPARTAN RETURN - 16 Years +

35.9%

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.
1008 Melody Drive Case Study

Property Details

  • Beds & Bath: 2 Beds / 1 Baths
  • Garage / Carport: NA
  • Year Built: 1952
  • Lot Size: 1.24 Acres
  • Currently Rented: Yes
  • Renting info: No info
  • Square Footage: 943 sq ft.
  • Availability: Case Study

Additional Investment Information

  • Purchase Price: $82,500
  • Estimated Rent: $775
  • Annual Taxes: $437
  • Annual Insurance: $620
  • HOA Fees : $0
  • Property MGT Fee: $837
  • Annual Net Income - Cash Purchase: $7,406
  • Annual Net Income - Financing: $3,154

Contact Us

1110 23rd Street South
Birmingham, AL 35205
www.spartaninvest.com
info@spartaninvest.com