Magnolia Place Case Study

1267 Magnolia Place, Birmingham, AL 35215

Case Study

Purchase Price

$64,900

Estimated Rent

$850

RATE OF RETURN With Financing

23.7% Cash Flow per Month: 256

RATE OF RETURN Without Financing

10.5% Cash Flow per Month: 568

SPARTAN RETURN - 16 Years +

42%

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.
Magnolia Place Case Study

Property Details

  • Beds & Bath: 3 Beds / 2 Baths
  • Year Built: 1988
  • Lot Size: .05
  • Currently Rented: Yes
  • Renting info: No info
  • Square Footage: 1476 sq ft.
  • Availability: Case Study

Additional Investment Information

  • Purchase Price: $64,900
  • Estimated Rent: $850
  • Annual Taxes: $1513
  • Annual Insurance: $956
  • HOA Fees : $0
  • Property MGT Fee: $918
  • Annual Net Income - Cash Purchase: $6813
  • Annual Net Income - Financing: $3,077

Contact Us

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