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Value-Add Opportunity in Birmingham
Birmingham, AL 35215
Value-Add Opportunity in Birmingham
Birmingham, AL 35215
0.0%
Year 1 caprate$0
10 year cashflow0.00%
10 year irrDetails
- Lot size7,852
- Rentable Sq.Ft1,053
- $/Rentable Sq.Ft$81
- Monthly rent$1,175
- Safety deposit$1,175
- 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, 35215
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 | $14,100 | $14,664 | $15,251 | $16,495 | $20,069 |
| Vacancy | ($987) | ($1,026) | ($1,068) | ($1,155) | ($1,405) |
| Operating revenues | $13,113 | $13,638 | $14,183 | $15,340 | $18,664 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($932) | ($960) | ($988) | ($1,049) | ($1,216) |
| Utilities | ($202) | ($208) | ($214) | ($227) | ($264) |
| Leasing fee | ($485) | ($504) | ($524) | ($567) | ($690) |
| Property mgmt | ($1,049) | ($1,091) | ($1,135) | ($1,227) | ($1,493) |
| Real estate taxes | ($962) | ($950) | ($979) | ($1,038) | ($1,203) |
| Repairs maintenance | ($564) | ($1,173) | ($1,220) | ($1,320) | ($1,605) |
| Operating expenses | ($4,194) | ($4,886) | ($5,060) | ($5,428) | ($6,471) |
| 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 | ($861) | ($886) | ($913) | ($969) | ($1,123) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($861) | ($886) | ($913) | ($969) | ($1,123) |
| 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 | ($85,000) | |||
|---|---|---|---|---|
| Title insurance | ($850) | |||
| Debt costs | ||||
| Acquisition fee | ($7,500) | |||
| Home buyer inspection | ($500) | |||
| Leasing fee | ($1,175) | |||
| Reserves | ($10,000) | |||
| Stabilization costs | ($1,779) | |||
| Total | ($106,804) | |||
Disposition proceeds
| Estimated sale price | $190,059 | |||
|---|---|---|---|---|
| Disposition fee | ($1,901) | |||
| Other disposition costs | ($3,801) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $184,357 | |||