6220 Wares Ferry Rd-Montgomery-36117, Montgomery

6220 Wares Ferry Rd

Montgomery, AL 36117

3 bd, 2 ba | 1,144 sqft | Built in 1971

List Price

$87,500

Initial Investment

$26,014

Purchase Price

$89,000

Down Payment

25%

Rent

$890

Total Return

$27,055

Annualized Return

17.1%

Cap Rate

8.2%

Gross Yield

12.0%

Cash Flow

$1,895

Appreciation

3.8%

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Features

Occupancy

Occupied

Lease Start

06/01/2019

Lease End

05/31/2021

Lot Size

8,795

HOA

None

Flood Risk

Not Required

Renters insurance fee included in monthly rent of $15.31

MARKETS

NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,150

Expenses

-$2,816

Property Taxes

-$600

Loan Payments

-$4,839

Net Cash Flow

$1,895

See more in Financials

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