Browse Properties
Leased Newer Property in Birmingham
Chelsea, AL 35043
Leased Newer Property in Birmingham
Chelsea, AL 35043
5.2%
Year 1 Cap Rate$232,388
10 yr cash flow7.27%
10 yr IRRDetails
- Lot size4,400
- Rentable Sq.Ft1,633
- $/Rentable Sq.Ft$159
- Monthly rent$1,750
- Safety deposit$1,750
- Estimated reserve$3,500
- Lease start2024-09-25
- Lease end2025-09-25
- HOANo
- Flood zoneNo
Log in to download public documents
Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Chelsea, 35043
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
Powered by 
Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $21,000 | $21,630 | $22,279 | $23,636 | $27,400 |
| Vacancy & Collection Loss | ($1,260) | ($1,298) | ($1,337) | ($1,418) | ($1,644) |
| Operating revenues | $19,740 | $20,332 | $20,942 | $22,218 | $25,756 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($1,615) | ($1,663) | ($1,713) | ($1,818) | ($2,107) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($350) | ($361) | ($371) | ($394) | ($457) |
| Property management | ($1,020) | ($1,020) | ($1,047) | ($1,111) | ($1,288) |
| Real estate taxes | ($2,253) | ($2,320) | ($2,390) | ($2,535) | ($2,939) |
| Repairs and maintenance | ($1,050) | ($1,082) | ($1,114) | ($1,182) | ($1,370) |
| Operating expenses | ($6,288) | ($6,446) | ($6,635) | ($7,040) | ($8,161) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $19,740 | $20,332 | $20,942 | $22,218 | $25,756 |
| Operating expenses | ($6,288) | ($6,446) | ($6,635) | ($7,040) | ($8,161) |
| Net Operating Income | $13,452 | $13,886 | $14,307 | $15,178 | $17,595 |
| Cap Rate | 5.2% | 5.3% | 5.5% | 5.8% | 6.8% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,310) | ($1,349) | ($1,390) | ($1,474) | ($1,709) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,310) | ($1,349) | ($1,390) | ($1,474) | ($1,709) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $12,142 | $12,537 | $12,917 | $13,704 | $15,886 |
| Cash yield | 4.3% | 4.5% | 4.6% | 4.9% | 5.7% |
Acquisition Equity
| Down payment | ($260,000) | |||
|---|---|---|---|---|
| Title insurance | ($3,900) | |||
| Debt costs | ||||
| Acquisition fee | ($7,800) | |||
| Home Buyer Inspection | ($1,000) | |||
| Leasing Fee | ($2,625) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($956) | |||
| Total | ($279,781) | |||
Disposition Proceeds
| Estimated sale price | $384,151 | |||
|---|---|---|---|---|
| Disposition fee | ($3,842) | |||
| Other disposition costs | ($7,683) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $372,626 | |||
