2607 Carmel Rd

Birmingham, AL 35235
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3bd, 1ba | 1,128 sqft | Built in 1974

List Price
$137,000

Initial Investment

$139,055

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

11/01/2020

Lease End

11/30/2025

Lot Size

19,166

HOA

None

Flood Risk

Not Required

  • Leased up-to Nov 2025
  • Below market rent
  • New kitchen floors (2021)
  • All appliances included (fridge, dishwasher, stove)
  • Attached 1 car garage
  • Large deck and fenced backyard
  • 5-star neighborhood
  • Get more insight into this market here
See more in Analysis
Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$2,710

Property taxes

-$1,200

Loan Payments

$0

Net Cash Flow

$6,920

See more in Financials

Property CharacteristicsView Details

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management

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