1331 1st Ct W

Birmingham, AL 35208
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4 bd, 2 ba | 1,835 sqft | Built in 1920

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List Price
$132,000

Initial Investment

$35,970

Purchase Price

$132,000

Down Payment

25%

Rent

$1,090

Total Return

$52,634

Annualized Return

20.3%

Cap Rate

6.4%

Gross Yield

9.9%

Cash Flow

$671

Appreciation

6.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,000

HOA

None

Flood Risk

Not Required

BACK ON THE MARKET!! ATTENTION INVESTORS!! Two properties Available with an ARV Combined Market Rent of $2,200.00. All for just $132,000! This crushes the 1% rule! This package includes 1331 W 1st Court AND 113 14th St W. 1st Court has 4 beds and 2 baths. 14th St has 2 beds and 1 bath and a NEW ROOF! These properties are only about 8 minutes to Downtown Birmingham and 6 minutes to Birmingham Southern College, so ideal for renters! Reach out today for more info. Both homes are currently vacant, so a great opportunity to lease these at Market Rent. Note: These properties may be purchased as just the two or part of a larger multi property portfolio.

MARKETS

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NEIGHBORHOOD

SCHOOLS

N/A

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Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$12,426

Expenses

-$2,449

Property Taxes

-$2,130

Loan Payments

-$7,176

Net Cash Flow

$671

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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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Listing Courtesy of:John Street
Keller Williams Realty Vestavia
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21379589
Last Updated: 03/14/2024 19:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.