Lake Drive Case Study

113 Lake Drive, Birmingham, AL 35215

Case Study

Purchase Price

$76,900

Estimated Rent

$850

RATE OF RETURN With Financing

18.8% Cash Flow per Month: $241

RATE OF RETURN Without Financing

9.5% Cash Flow per Month: $610

SPARTAN RETURN - 16 Years +

38.1%

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.
Lake Drive Case Study

Property Details

  • Beds & Bath: 3 Beds / 2 Baths
  • Garage / Carport: 1 Car CP
  • Year Built: 1958
  • Lot Size: 0.39 A
  • Currently Rented: Yes
  • Renting info: true
  • Square Footage: 1450 sq ft.
  • Availability: Case Study

Additional Investment Information

  • Purchase Price: $76,900
  • Estimated Rent: $850
  • Annual Taxes: $962
  • Annual Insurance: $689
  • HOA Fees : $0
  • Property MGT Fee: $918
  • Annual Net Income - Cash Purchase: $7630
  • Annual Net Income - Financing: $2,897

Contact Us

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