1408 Applegate Dr

Alabaster, AL 35007
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2 bd, 2 ba | 1,188 sqft | Built in 1987

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List Price
$120,000

Initial Investment

$33,450

Purchase Price

$120,000

Down Payment

25%

Rent

$1,150

Total Return

$69,058

Annualized Return

27.6%

Cap Rate

8.2%

Gross Yield

11.5%

Cash Flow

$2,674

Appreciation

8.0%
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Features

Occupancy

Vacant

Property Type

Townhouse

Lot Size

1,926

HOA

$0/mo

Flood Risk

Not Required


MARKETS

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NEIGHBORHOOD

SCHOOLS

See more in Analysis
Ben Preston
LAH Real Estate

Annual Financial Highlights

Expected Rent

$13,110

Expenses

-$3,363

Property Taxes

-$550

Loan Payments

-$6,524

Net Cash Flow

$2,674

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:Allysa Orr
Keller Williams Metro South
Certified Agent Brokerage:Ben Preston
LAH Real Estate
SourceGreater Alabama
MLS #901166
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