116 14th Ave NW

Center Point, AL 35215

Part of Extra Large Portfolio | Project Alabama

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3 bd, 2 ba | 1,518 sqft | Built in 1950

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For Sale

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List Price
$145,000

Initial Investment

$49,514
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$145,000

Down Payment

25%

Rent

$825

Total Return

$32,381

Annualized Return

9.9%

Cap Rate

4.1%

Gross Yield

6.8%

Cash Flow

-$2,449

Appreciation

6.7%
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Features

Occupancy

Occupied

Lease Start

12/01/2018

Lease End

11/30/2022

Lot Size

20,900

HOA

None

Flood Risk

Not Required

  • There will only be an inspection contingency for the following item, as those were not previously inspected: Garage
  • Seller will not be making repairs or other physical changes to the property, but may be open to negotiating other offer terms. All condition details can be found in the inspection report under the "Analysis" tab.
  • Section 8 tenant.
  • Tenant is responsible for the following: Gas, Electric, Water, & Landscaping.
  • Get more insight into this market here

See more in Analysis

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Annual Financial Highlights

Expected Rent

$9,405

Expenses

-$2,471

Property Taxes

-$1,500

Loan Payments

-$7,883

Net Cash Flow

-$2,449

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
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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