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Reed Road Case Study

2413 Reed Road, Birmingham, AL 35215

Case Study

Purchase Price

$79,900

Estimated Rent

$825

RATE OF RETURN With Financing

17.2% Cash Flow per Month: $229

RATE OF RETURN Without Financing

9.2% Cash Flow per Month: $612

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.
Reed Road Case Study

Property Details

  • Beds & Bath: 3 Beds / 1.5 Baths
  • Garage / Carport: 1 Car CP + 2 Car Pad
  • Year Built: 1957
  • Lot Size: .44 Acres
  • Currently Rented: Yes
  • Renting info: No info
  • Square Footage: 1150 sq ft.
  • Availability: Case Study

Additional Investment Information

  • Purchase Price: $79,900
  • Estimated Rent: $825
  • Annual Taxes: $946
  • Annual Insurance: $721
  • HOA Fees : $0
  • Property MGT Fee: $891
  • Annual Net Income - Cash Purchase: $7,341
  • Annual Net Income - Financing: $2,743

Contact Us

2015 3rd Ave N
Birmingham, AL 35203
www.spartaninvest.com
info@spartaninvest.com