144 Cambridge Park Dr

Montevallo, AL 35115
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3 bd, 2 ba | 1,489 sqft | Built in 2020

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List Price
$239,900

Initial Investment

$61,313

Purchase Price

$225,000

Down Payment

25%

Rent

$1,320

Total Return

$73,340

Annualized Return

16.4%

Cap Rate

4.6%

Gross Yield

7.0%

Cash Flow

-$2,262

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,405

HOA

$24/mo

Flood Risk

Not Required

Welcome to your new home in the heart of Montevallo, nestled in the scenic Shelby County! This charming 3-bedroom, 2-bathroom residence offers a comfortable living space, perfect for families seeking both convenience and comfort. Located less than a mile from Montevallo schools, this home ensures that your daily commute to education centers is a breeze, giving you more time to enjoy the things that matter. As you step inside, you are greeted by a spacious and inviting living area, ideal for family gatherings and cozy nights in. The well-appointed kitchen provides ample cabinet space, making meal preparation a joy. Each of the three bedrooms is designed with comfort in mind, offering plenty of natural light and room to relax. The two full bathrooms feature modern fixtures and provide the perfect spots to unwind after a long day. Seller offering 3% towards closing costs and a home warranty.

See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781

Annual Financial Highlights

Expected Rent

$15,048

Expenses

-$2,738

Property Taxes

-$2,340

Loan Payments

-$12,232

Net Cash Flow

-$2,262

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:Jeremy Jeremy
Jeremy Jeremy
Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
SourceGreater Alabama MLS
MLS #21396226
Last Updated: 09/05/2024 15:09
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