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1618, 3/2 - Single Family Rental (SFR)
Bessemer, Alabama
1 / 4
$299,900
11.5% IRR
Based on
Conventional Loan
Annual Income
$23,940
Cash Flow
$23/mo
Cap Rate
5.20%
CoC
0.31%
ROI
23.54%
5-Yr IRR
11.5%
Type
Single Family Rental (SFR)
Status
N/A
Sqft
1,618
Bed/Bath
3/2
Properties Available
0
Rent
$1,995
Investment Calculator
Investment Calculators
Select loan type. All estimates.
Investment Breakdown
Income
$22,743
Expenses
$22,464
Cash Flow
$279
Annual
Purchase & Revenue
Loan Details
Operating Expenses
Growth Assumptions
Year 1 Performance
Including Incentives
Cap Rate
5.20%
CoC Return
0.31%
Monthly Rent
$1,995
Cash Flow
$23/mo
Cash Needed
$91,470
Annual Cash Flow
$279
5-Year IRR
9.75%
Net Proceeds (5Y)
$134,691
DSCR
1.02
GEI ROI
20.01%
GEI ROI (w/ Tax)
28.51%
GRM
150.33
Cash Flow Projections
This proforma uses your Conventional calculator inputs. Switch calculator tabs to see proformas for different loan scenarios.
Initial Investment
$91,470
Total Cash Flow (1 yrs)
$279
Sale Proceeds (Year 1)
$60,290
Income & Expense Breakdown (Year 1)
Income
Gross Rental Income$23,940
Vacancy Loss (5%)-$1,197
Effective Gross Income$22,743
Operating Expenses
Property Tax (1.2%)$3,599
Insurance (0.25%)$750
Maintenance (2% of rent)$479
HOA Fees$396
Property Management (8%)$1,915
Total Operating Expenses$7,139
Net Operating Income (NOI)$15,604
Less: Debt Service-$15,325
Annual Cash Flow$279
Wealth Building Components
Annual Cash Flow$279
+ Principal Reduction+$3,030
+ Year 1 Appreciation+$14,995
= Gross Equity Income (GEI)$18,304
+ Tax Savings (Depreciation)+$3,228
= GEI w/Tax Savings$21,532
GEI ROI: 23.54% annual return on cash invested
Location
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