1602 1st St NW Center Point, AL 35215
3bd, 1ba | 890sqft | Built in 1960
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Initial Investment
$82,191
List Price: $78,500
Purchase Price
$78,500
Down Payment
100%
Rent
$839

Total Return
$35,417
Annualized Return
8.5%
Cap Rate
8.7%
Gross Yield
12.8%
Cash Flow
$6,235
Appreciation
2.2%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
03/02/2017 
Lease End
09/30/2020 
Lot Size
9,639 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate
  • Close to schools, shopping, and dining
  • 3-bed, 1-bath single-family home
  • Easy access to Birmingham-Shuttlesworth International Airport (10 mi)

Annual Financial Highlight
Expected Rent
$9,565
Expenses
-$2,630
Property Taxes
-$700
Loan Payments
$0

Net Cash Flow
$6,235
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

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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