2013 Fairbank Cir Chelsea, AL 35043
3bd, 2ba | 1,552sqft | Built in 2006
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Initial Investment
$177,524
List Price: $174,900
Purchase Price
$174,900
Down Payment
100%
Rent
$1,285

Total Return
$64,976
Annualized Return
7.1%
Cap Rate
6.0%
Gross Yield
8.8%
Cash Flow
$10,193
Appreciation
2.2%
Features
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
3,484 
HOA
$50/mo
Flood Risk
Not Required
  • Well-maintained home in a strong neighborhood
  • Upgraded fixtures throughout
  • Conveniently located 30-minutes from Downtown Birmingham
  • Listed on the MLS on 06/08/19

Annual Financial Highlight
Expected Rent
$14,649
Expenses
-$3,656
Property Taxes
-$800
Loan Payments
$0

Net Cash Flow
$10,193
Considerations
Property Characteristics    View Details



Buyer's Agent
An experienced local broker will represent and assist you throughout the transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact them with questions even before making an offer.
  • Plus, a professional home inspection will be conducted during closing, paid for by Roofstock. As soon as the inspection report is ready, your Buyer’s Agent will discuss the findings with you and help with any next steps.
  • There is no additional cost to having a Buyer’s Agent as their fees will be paid by the seller.

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.

Listed By: Macey Franklin, LAH - Hoover Branch
Listing Source: MLS #851502 details provided by Greater Alabama. Information deemed reliable but not guaranteed. Copyright 2019 Greater Alabama. All rights reserved. Data is refreshed every 30 minutes.
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