Bobolink Lane Case Study
1608 Bobolink Lane, Birmingham, AL 35215
Case Study
Purchase Price
$74,900
Estimated Rent
$800
RATE OF RETURN With Financing
20.3% Cash Flow per Month: $254
RATE OF RETURN Without Financing
9.8% Cash Flow per Month: $613
SPARTAN RETURN - 16 Years +
39.3%
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.
Property Details
- Beds & Bath: 4 Beds / 1.5 Baths
- Garage / Carport: NA
- Year Built: 1959
- Lot Size: .28 Acres
- Currently Rented: Yes
- Renting info: No info
- Square Footage: 1361 sq ft.
- Availability: Case Study
Additional Investment Information
- Purchase Price: $74,900
- Estimated Rent: $800
- Annual Taxes: $851
- Annual Insurance: $530
- HOA Fees : $0
- Property MGT Fee: $864
- Annual Net Income - Cash Purchase: $7,355
- Annual Net Income - Financing: $3,044