Birmingham Alabama - Cash Flow Being Experienced

[Zac Celli]

Hey there BiggerPockets Community!

Hoping to find some good information on Birmingham Alabama rent. Can anyone here tell me what kind of cash flow they are seeing for buy and holds in Birmingham? To my knowledge, it is a good cash flow market with decent appreciation. I am not familiar with taxes or insurance of the area, and I don't know the tenant quality of the B or C class areas in the city that would affect monthly repair costs. To be more specific, assumptions below:

Property Value: $100,000

B or C Class Area

Mortgage on the property of $75,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)

Managed by property management company

Net Cash Flow: ??

[Adam Hobson]

@Rob Drum has a tight hold on the Birmingham market and knows better than I do but I wholesale properties to buy and hold investors and have many friends doing this in Birmingham. I agree that it would be hard to find a good B class property for that price. I see a lot of people making really good returns in the low C class and D class areas. Im not talking about being a slumlord but there are nice little pockets all over Birmingham that are good for cashflow. You can find properties in these areas for $25K-$45K that rent for $800-$850 a month and more if you wanted to get into section 8.