416 N Florida St

Montgomery, AL 36107
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null bd, 2 ba | 1,440 sqft | Built in 1938

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List Price
$99,900

Initial Investment

$27,223

Purchase Price

$99,900

Down Payment

25%

Rent

$1,090

Total Return

$37,320

Annualized Return

22.0%

Cap Rate

9.1%

Gross Yield

13.1%

Cash Flow

$3,068

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Property Type

Unspecified

Lot Size

7,431

HOA

None

Flood Risk

Not Required

Begin to build or Add to your portfolio spectacular property. Property is managed by a local management company and property management company would be pleased to retain management agreements with its new owner! Opportunities abound here!!!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$12,426

Expenses

-$3,390

Property Taxes

-$536

Loan Payments

-$5,431

Net Cash Flow

$3,068

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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.
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Listing Courtesy of:Michael Atkins
Agent License 87309
Harris & Atkins Real Estate LLC
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #498642
Last Updated: 09/23/2021 17:09
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.