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513 1st Ave N, Bessemer, AL 35020

3 beds • 1 baths • 1148 sqft

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This property might be a fair Long-Term investment with a projected 4.93% first-year return on $24,570 initial cash invested.

4.93%

Cash On Cash

7.66%

Cap Rate

1.26

DSCR

$1,030

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$117k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,570

Downpayment

20%

$23,400

Closing costs

1%

$1,170

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,030

Total Expenses

$929

Mortgage P&I

58%

$594

Property Taxes

2%

$25

Home Insurance

4%

$41

HOA

0%

$0

Property Management

10%

$103

CapEx

5%

$52

Vacancy

6%

$62

Maintenance

5%

$52

Other

0%

$0

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Comparable Property

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Beds

Baths

SQFT

Distance

315 3rd Ave N, Bessemer, AL 35020

$895

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1

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1

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1

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5

4

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2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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