Denise Evans
This listing was posted on RealtyWW.
$89,000
Th Street Ensley W, Birmingham, Home For Sale
Price:
$89,000
BR/BA:
2 BR, 1 BA
Location:
2356 24th Street Ensley W, Birmingham, AL
Description:
Two rental house portfolio sold for one price. 2356 24th St W is 2BR/1BA 992 sf built 1930. Good tenant at $675 per month. Taxes $948, insurance $811. With imputed 10% mgt fee, 5% VandC reserve and $500 repair reserves NOI is $4, 666. 820 4th Ct W is 2BR/1BA, 806 sf built 1940. Good tenant at $775 per month. Taxes $756, insurance $698. With imputed 10% mgt fee, 5% VandC reserve and $500 repair reserves NOI is $5, 998. Addl property details available on request. Price is an 11.98% cap rate. Assuming 20% down and 9.5% interest rate on financing amortized over 20 years, monthly payments of $663.68 result in Debt Service Coverage Ratio of 1.34%, which will meet virtually all lenders' requirements.For more details: https://realtyww.info/homes_birmingham-d523947/for-sale_i73661887
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More About this Listing: Th Street Ensley W, Birmingham, Home For Sale
Th Street Ensley W, Birmingham, Home For Sale is a Two Bedroom One Bath Single-Family Homes for Sale at 2356 24th Street Ensley W in Birmingham AL. Find other listings like Th Street Ensley W, Birmingham, Home For Sale and listings near 2356 24th Street Ensley W by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Birmingham AL.
Th Street Ensley W, Birmingham, Home For Sale is a Two Bedroom One Bath Single-Family Homes for Sale at 2356 24th Street Ensley W in Birmingham AL. Find other listings like Th Street Ensley W, Birmingham, Home For Sale and listings near 2356 24th Street Ensley W by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Birmingham AL.