1409 Virginia Ave

Fultondale, AL 35068
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3 bd, 2 ba | 2,250 sqft | Built in 1983

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$2,020

Total Return

$110,807

Annualized Return

22.8%

Cap Rate

7.2%

Gross Yield

9.7%

Cash Flow

$3,372

Appreciation

6.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,907

HOA

None

Flood Risk

Not Required

Welcome home! Come on in, to the Foyer, Livingroom with a great view out the Large window, this room adjoins into the Dining Room. Nice sized Kitchen with Electric Smooth Top Range, Side-By-Side Black Refrigerator and Dishwasher. Lots of Countertop to work on and eating area. Family Den area with Wood Burning Fireplace Brick front offers comfort and charm to this room. Down the Hallway to the Bedrooms, each room is sized well, including the Master Bedroom Suite and lots of closet space. Need a Large Basement and Garage Space, this is it. Down stairs you will find the Basement Laundry Area, Lots of Storage Space, Bonus Room and a Safe Room. The Safe Room recently installed, is built with Concrete Walls, Air Vents, wired for Lights that needs to be connected, room for at least 6 people as well as emergency supplies and a roll-up garage door out to the main 2 Car Garage. This home is surrounded by a nice sized yard, with shade trees in the back. A must see! Convenient to every where.

See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$23,028

Expenses

-$4,260

Property Taxes

-$1,810

Loan Payments

-$13,586

Net Cash Flow

$3,372

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:Ann Thomas
Keller Williams Metro North
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21365765
Last Updated: 09/19/2023 01:09
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