1612 Ridgefield Ln
Birmingham, AL 35215
List Price
$203,900
Initial Investment
$55,563Purchase Price
$203,900
Down Payment
25%
Rent
$1,320
Total Return
$74,878
Annualized Return
18.5%
Cap Rate
5.5%
Gross Yield
7.8%
Cash Flow
-$566
Appreciation
6.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
17,415
HOA
None
Flood Risk
Not Required
WELCOME HOME!! Winewood/Echo Highlands community. This beautiful home offers so much potential. It sits on a corner lot nestled near a cul de sac. This home offers 4 spacious bedrooms, 3 full bathrooms and an amazing finished basement area with a bar; perfect for entertaining guests. A beautiful deck, two-car garage and a well maintained yard. Motivated seller. Call to schedule your showing today!
See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10
Annual Financial Highlights
Expected Rent
$15,048Expenses
-$2,679Property Taxes
-$1,850Loan Payments
-$11,085Net Cash Flow
-$566See 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:Sharon Smith
RE/MAX Marketplace
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Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
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AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21365131
Last Updated: 09/16/2023 10:09
MLS #21365131
Last Updated: 09/16/2023 10:09