3970 Thomas Ave

Montgomery, AL 36111
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3 bd, 1 ba | 1,539 sqft | Built in 1955

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List Price
$65,000

Initial Investment

$63,406

Purchase Price

$61,750

Down Payment

100%

Rent

$795

Total Return

$37,498

Annualized Return

11.2%

Cap Rate

9.7%

Gross Yield

15.5%

Cash Flow

$5,459

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Start

06/01/2018

Lease End

05/31/2019

Lot Size

11,996

HOA

None

Flood Risk

Not Required

  • Tenant insurance fee included in monthly rent of $15.31
  • Pet fee included in monthly rent of $15.00

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Annual Financial Highlights

Expected Rent

$9,067

Expenses

-$3,007

Property Taxes

-$600

Loan Payments

$0

Net Cash Flow

$5,459

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