408 Red Oak Ct

Montgomery, AL 36117
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4 bd, 2 ba | 2,146 sqft | Built in 1994

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List Price
$231,000

Initial Investment

$59,800

Purchase Price

$219,450

Down Payment

25%

Rent

$1,600

Total Return

$52,930

Annualized Return

14.0%

Cap Rate

6.3%

Gross Yield

8.7%

Cash Flow

$1,256

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Up Guarantee

Yes

Lease Start

-

Lease End

-

Lot Size

19,859

HOA

None

Flood Risk

Not Required

What a great comfort offered in this 4 BR/2BA home in Lake Forest. The home is strategically located of Atlanta Hwy, just 4 miles to the biggest shopping center in Montgomery with all kind of eateries, entertainment, and a shopping mall. Being so close to the city buzz, you will live quietly in this cul the sac house. The big druid oak on the front loan is offering plenty on shade in the scorching summers. Screened back porch is there for a bug free outdoor relaxation. Nice size yard with full privacy fence. Very easy to go in and out with the car, seriously plenty of extra parking space in the property. Double car garage is with added shelf space and detached storage is on the property for you to use it. Very natural layout with enormous size of the great room. Very good size of master with separate shower and the garden tub. This house has no carpet, so it is easy for the people with a need of a clean indoor air. In the kitchen there is a extra large Viking gas stove. THE PROPERTY IS TENANT OCCUPIED. TENANT WILL VACATE ON OR AROUND SEPTEMBER 1, 2021. VIEWING STRICTLY UPON THE APPOINTMENT. NO REALTOR'S BOX. PLEASE DO NOT USE SHOWTIME. CALL AGENT FOR BOOKING A VIEWING: 334 221 5590.

See more in Analysis
Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$18,240

Expenses

-$4,325

Property Taxes

-$728

Loan Payments

-$11,930

Net Cash Flow

$1,256

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:Viridiana Sayegh
Morris V.I.P. Realty
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #498947
Last Updated: 07/23/2021 15:07
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