904 Alford Ave

Hoover, AL 35226
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4 bd, 2 ba | 1,266 sqft | Built in 1960

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List Price
$199,500

Initial Investment

$61,749

Purchase Price

$199,500

Down Payment

25%

Rent

$1,550

Total Return

$62,516

Annualized Return

15.4%

Cap Rate

6.3%

Gross Yield

9.3%

Cash Flow

$960

Appreciation

5.8%
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Features

Occupancy

Occupied

Lease Start

06/01/2020

Lease End

05/31/2021

Lot Size

14,355

HOA

None

Flood Risk

Not Required

  • Located in highly-demanded Hoover, which has some of the best schools in the state with top athletic programs
  • New tenant in place
  • Hardwood Floors on upper level & tile on lower level - Bonus space in basement
  • Seller recently made repairs on home, view inspection documents for more info
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$17,670

Expenses

-$4,064

Property Taxes

-$1,800

Loan Payments

-$10,846

Net Cash Flow

$960

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