428 13th Ct NW

Center Point, AL 35215
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3 bd, 1.5 ba | 1,161 sqft | Built in 1960

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List Price
$85,900

Initial Investment

$23,969

Purchase Price

$82,000

Down Payment

25%

Rent

$950

Total Return

$41,344

Annualized Return

24.9%

Cap Rate

8.9%

Gross Yield

13.9%

Cash Flow

$2,194

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

12/04/2018

Lease End

11/30/2019

Lot Size

10,500

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$3,178

Property Taxes

-$1,000

Loan Payments

-$4,458

Net Cash Flow

$2,194

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