980 Moonlite Dr Odenville, AL 35120
3bd, 2ba | 1,022sqft | Built in 2016
Expand
Initial Investment
$126,875
List Price: $125,000
Purchase Price
$125,000
Down Payment
100%
Rent
$895

Total Return
$45,522
Annualized Return
7.0%
Cap Rate
5.9%
Gross Yield
8.6%
Cash Flow
$7,131
Appreciation
2.2%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
01/06/2018 
Lease End
06/30/2019 
Lot Size
16,988 
HOA
None
Flood Risk
Not Required
  • Priced below market at $125,000, sales comps between $129,900 - $153,000
  • 6% cap rate in 3-star Birmingham suburb
  • 2016 vintage with $0 in repairs needed
  • Comes with Roofstock Money Back Guarantee

Annual Financial Highlight
Expected Rent
$10,203
Expenses
-$2,172
Property Taxes
-$900
Loan Payments
$0

Net Cash Flow
$7,131
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

BESbswy