10988 Griffin Dr
Vance, AL 35490
List Price
$150,000
Initial Investment
$40,603Purchase Price
$149,000
Down Payment
25%
Rent
$1,177
Total Return
$54,746
Annualized Return
19.5%
Cap Rate
6.7%
Gross Yield
9.5%
Cash Flow
$1,252
Appreciation
5.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
03/01/2016
Lease End
02/29/2020
Lot Size
15,246
HOA
None
Flood Risk
Not Required
- An affiliate of Roofstock is the seller of this home, which has been professionally acquired, renovated, and leased (if stated) to meet our certification requirements
- Attractive 4-star neighborhood with scarce high yielding property, over 7 cap with market rent
- 3-bed 2-bath 1,333 sq ft single-family house with a large lot of over 15,000 sq ft
- Clean inspection report by 3rd party inspector with limited immediate repair items
- Easy access to I-20 and US 11
- Current tenant in place with a 4-year lease ending in 2020, rental upside of over $80 at renewal / turnover.
See more in Analysis
Annual Financial Highlights
Expected Rent
$13,418Expenses
-$3,265Property Taxes
-$800Loan Payments
-$8,100Net Cash Flow
$1,252See more in Financials
Similar Listings