Co-Ownership: $55,745 per share. Birmingham – Colonial Style

$ 55,745 per share

This property can be purchased by one investor in a traditional ownership strategy: one owner, cash or mortgaged. Read more here


Financial Assumptions



Rent (upper) $1,600$19,200
Rent (lower)$1,500$18,000
Property Tax Rate (Approx.)   
Property Taxes $120$1,440
Insurance $95$1,140
Repairs $70$840
Variable-Cost PM 8.0% 
Property Management Fee$425$5,100
Leasing Fee $38.8$465
HOA $0$0
Vacancy Rate 4.0% 
Total Fixed Expenses $505$6,057
 Total Expenses (Fixed + Mortgage)$505$6,057

What is Co-Ownership

Program Highlights

  • Multiple owners
  • Cash purchase
  • Operation manager handles the day-to-day activities
  • Less hassle -> more passive
  • Long term hold
  • Organized as an LLC


  • Lower cash requirement
  • “Out-sourced” main activities to a professional
  • Higher cash flow

Program Costs

Costs vary from one property to another and are also impacted by the number of members (shares) involved w the deal.


 Per ShareWhole Group
Setup Costs  
$/ share$50,000$250,900
# of shares5.0 
Reserve funding$2,491$12,500
SDI service fee7% 



The Operation Manager

SDI has collaborated with a knowledgeable individual in real estate investment within the local area to manage all the ongoing matters concerning the rental property.

The use of OM eliminates the owner’s responsibility of overseeing the daily management and maintenance of the property, as well as making decisions related to it.


Although the OM is responsible for supervising and managing the daily operations, there are certain tasks that the OM is not authorized to handle or approve, and requires seeking majority owners’ approval:

  • Sale the property
  • Obtain a mortgage or refinance
  • Approve an expense over 12,500
  • Terminate or replace property management co.
  • Majority owners may elect to terminate the OM

Additional Info


    [sp_easyaccordion id=”58214″]

    • Updated On:
    • January 24, 2024
    Property Id : 58397
    Price: $ 55,745 per share
    Property Size: 2,438.00 ft2
    Property Lot Size: 23,522.00 ft2
    Bedrooms: 3
    Bathrooms: 2.5
    Year Built: 1987
    Garage: 2
    Basement: no
    External Construction: Vinyl Siding
    Rent (mo): 1700
    ROI (ann): 9
    Cashflow (mo): 1100
    Property Taxes (mo): 120
    Insurance (mo): 95
    Repairs (mo): 70
    Management Fee (mo): 425
    Leasing Fee (ann): 465
    HOA (mo): 0
    Vacancy Rate (ann): 4
    Other Features
    back yard
    covered patio
    fenced yard
    fireplace, backyard, fenced yard
    front yard
    private space
    $ 333.94
    per month
    • Principal and Interest
    • Property Tax
    • HOA fee
    $ 264.26

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    Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

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