2695 Allison Mill Rd

Talladega, AL 35160
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3 bd, 2 ba | 1,006 sqft | Built in 2020

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List Price
$138,175

Initial Investment

$36,788

Purchase Price

$135,000

Down Payment

25%

Rent

$995

Total Return

$24,788

Annualized Return

11.1%

Cap Rate

5.9%

Gross Yield

8.8%

Cash Flow

$253

Appreciation

3.2%
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Features

Occupancy

Occupied

Lease Start

02/10/2021

Lease End

02/10/2022

Lot Size

10,011

HOA

None

Flood Risk

Not Required

  • BRAND NEW CONSTRUCTION!!!
  • Leased up to Feb 2022
  • Located in a NEWLY DEVELOPED SUBDIVISION!
  • Consisting of 3 bedrooms, including a nicely appointed Master Suite, and 2 full baths, this home has a spacious floor plan with designer selections and neutral colors
  • Attractive gross yield and cap rate at market rent
  • Hard Surfaces throughout – keeping maintenance costs low

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Annual Financial Highlights

Expected Rent

$11,343

Expenses

-$2,596

Property Taxes

-$1,155

Loan Payments

-$7,339

Net Cash Flow

$253

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