715 Columbus St W

Fayette, AL 35555
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4 bd, 3 ba | 2,480 sqft | Built in 1940

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List Price
$279,900

Initial Investment

$76,273

Purchase Price

$279,900

Down Payment

25%

Rent

$2,420

Total Return

$116,835

Annualized Return

22.3%

Cap Rate

7.6%

Gross Yield

10.4%

Cash Flow

$4,988

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

29,400

HOA

None

Flood Risk

Not Required

Step into the timeless elegance of this meticulously restored historic home nestled in the heart of Fayette, AL. Situated on a lush 1-acre lot, this captivating residence seamlessly blends classic charm with modern luxury. Boasting exquisite Carrara marble finishes throughout the kitchen and bathrooms, this home exudes sophistication at every turn. The gourmet kitchen is a chef's dream, featuring top-of-the-line appliances and custom cabinetry. Rich with history, this home showcases original architectural details including hardwood floors, intricate molding, and soaring ceilings. Outside, enjoy al fresco dining on the charming patio, surrounded by lush landscaping and mature trees. Don't miss your chance to own a piece of history in this remarkable home!

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NEIGHBORHOOD

SCHOOLS

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Benjamin Hedden
Bham Realty
AL Agent License #000123781

Annual Financial Highlights

Expected Rent

$27,588

Expenses

-$6,433

Property Taxes

-$950

Loan Payments

-$15,217

Net Cash Flow

$4,988

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

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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:Kayley Hudson
HAMNER REAL ESTATE
Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
SourceWest Alabama MLS
MLS #162126
Last Updated: 04/15/2024 13:04
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.