1501 Graymont Ave W

Birmingham, AL 35208
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3 bd, 2 ba | 1,537 sqft | Built in 1935

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,060

Total Return

$61,565

Annualized Return

12.3%

Cap Rate

3.3%

Gross Yield

5.1%

Cash Flow

-$5,903

Appreciation

6.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,550

HOA

None

Flood Risk

Not Required

Step into modern comfort with classic charm in this beautifully renovated 3-bedroom, 2-bathroom home located in the historic Bush Hills community. This home has been thoughtfully updated with today’s buyer in mind, featuring a new roof, fresh exterior paint, and a stylish interior that’s move-in ready. The kitchen shines with stainless steel appliances, quartz countertops, and brand-new cabinetry, offering both elegance and functionality. The open living and dining spaces are perfect for entertaining, while the primary suite includes a private full bath for your own retreat. Enjoy original character with modern upgrades throughout, plus a spacious backyard and off-street parking. Located just minutes from downtown Birmingham, the Birmingham CrossPlex, and local parks, this home is a rare blend of location, style, and value. Don’t miss this opportunity in one of Birmingham’s most established neighborhoods—schedule your tour today!

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

Annual Financial Highlights

Expected Rent

$12,084

Expenses

-$2,151

Property Taxes

-$2,250

Loan Payments

-$13,586

Net Cash Flow

-$5,903

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:Randal Chatman
Keller Williams Realty Hoover
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21415792
Last Updated: 04/29/2025 19:04
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