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Equity Upside Opportunity in Birmingham
Birmingham, AL 35211
Equity Upside Opportunity in Birmingham
Birmingham, AL 35211
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size5,592
- Rentable Sq.Ft1,530
- $/Rentable Sq.Ft$42
- Monthly rent$1,150
- Safety deposit$1,150
- Estimated reserve$10,000
- Lease start2024-01-01
- Lease end2024-12-31
- HoaNo
- Flood zoneNo
COMING SOON - FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Opportunity to increase rental income through renovations
- Low going-in basis for both single family homes in a metro with a strong rental demand
- Accessibility to a growing employment base in a highly affordable market
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Birmingham, 35211
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $13,800 | $14,352 | $14,926 | $16,144 | $19,642 |
| Vacancy | ($966) | ($1,005) | ($1,045) | ($1,130) | ($1,375) |
| Operating revenues | $12,834 | $13,347 | $13,881 | $15,014 | $18,267 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,264) | ($1,302) | ($1,341) | ($1,422) | ($1,649) |
| Utilities | ($202) | ($208) | ($214) | ($227) | ($264) |
| Leasing fee | ($474) | ($493) | ($513) | ($555) | ($675) |
| Property mgmt | ($1,027) | ($1,068) | ($1,111) | ($1,201) | ($1,461) |
| Real estate taxes | ($1,212) | ($1,248) | ($1,286) | ($1,364) | ($1,581) |
| Repairs maintenance | ($690) | ($1,435) | ($1,493) | ($1,614) | ($1,964) |
| Operating expenses | ($4,869) | ($5,754) | ($5,958) | ($6,383) | ($7,594) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $0 | $0 | $0 | $0 | $0 |
| Operating expenses | $0 | $0 | $0 | $0 | $0 |
| Net operating income | $0 | $0 | $0 | $0 | $0 |
| Caprate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Share mgmt | ($657) | ($676) | ($696) | ($739) | ($857) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($657) | ($676) | ($696) | ($739) | ($857) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $0 | $0 | $0 | $0 | $0 |
| Cash yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Acquisition equity
| Down payment | ($65,000) | |||
|---|---|---|---|---|
| Title insurance | ($650) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,150) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($1,617) | |||
| Total | ($86,417) | |||
Disposition proceeds
| Estimated sale price | $161,509 | |||
|---|---|---|---|---|
| Disposition fee | ($1,615) | |||
| Other disposition costs | ($3,230) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $156,664 | |||