923 Alma Dr

Montgomery, AL 36108
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4 bd, 2 ba | 2,253 sqft | Built in 1973

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List Price
$100,000

Initial Investment

$24,980

Purchase Price

$89,000

Down Payment

25%

Rent

$1,052

Total Return

$32,449

Annualized Return

21.1%

Cap Rate

9.2%

Gross Yield

14.2%

Cash Flow

$2,720

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Start

12/01/2017

Lease End

11/30/2019

Lot Size

8,346

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$11,993

Expenses

-$3,734

Property Taxes

-$700

Loan Payments

-$4,839

Net Cash Flow

$2,720

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