1529 Foster Ave

Birmingham, AL 35214
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3 bd, 1.5 ba | 1,200 sqft | Built in 1958

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List Price
$109,900

$5K

Initial Investment

$29,948

Purchase Price

$109,900

Down Payment

25%

Rent

$1,040

Total Return

$45,743

Annualized Return

22.7%

Cap Rate

8.2%

Gross Yield

11.4%

Cash Flow

$2,423

Appreciation

5.4%
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Features

Lot Size

65,776

HOA

None

Flood Risk

Not Required

Great opportunity to own this home close to downtown and just a few minutes from the interstate. This 3BR house sits on a 1.5 acre lot located on a quiet culdesac. This house features a spacious living area with a fireplace that opens into a large eat-in kitchen. Original hardwood floors throughout most of the house. Relax out on the swing under the covered front porch. Many great qualities with this property offered at a good price.

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

Expected Rent

$11,856

Expenses

-$2,508

Property Taxes

-$950

Loan Payments

-$5,975

Net Cash Flow

$2,423

See more in Financials

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.
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  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
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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:Stephen Nix
Knox Realty
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #1348432
Last Updated: 03/30/2023 16:03
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.