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Three Bedroom House (ref. 41400503)
Date & Time Listed: 2020-11-19 11:07:35 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 3, Number of Bathrooms: 1
Posted From: United States, Wisconsin, Jefferson


Ad Details:

This fantastic large three bedroom home is located on a nice street in South East Lake, Birmingham, Alabama. There are three large bedrooms, one bathroom, a full basement and a large rear garden. The property has a good long term tenant in place paying $800 in rent each month. The property is under management with a great local Birmingham management company.
South East Lake is very well located just 7.1 miles from the centre of Downtown Birmingham. The property is also just 3.7 miles from Birmingham Shuttlesworth International Airport. Birmingham, Alabama is the largest city in Alabama famous for the biggest commercial banking in the US as well as many famous Universities such as Samford. Birmingham is an investment hotspot due to being consistently rated as one of America’s best places to work and earn a living based on the area’s competitive salary rates and relatively low living expenses
Investment Calculation
Purchase price: 44,900
Gross annual rental income: $9,600
Property running costs: $1,830
(Tax, insurance and management costs)
Net annual rental income: $7,770
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years
This property is a Townhouse for sale.

Other Details:

Number of Bedrooms: 3
Number of Bathrooms: 1

Price: 44,900.00 USD




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