208 Leonards Ct

Montevallo, AL 35115
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4 bd, 2.5 ba | 2,338 sqft | Built in 2018

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List Price
$299,000

Initial Investment

$81,478

Purchase Price

$299,000

Down Payment

25%

Rent

$1,890

Total Return

$108,412

Annualized Return

18.3%

Cap Rate

5.3%

Gross Yield

7.6%

Cash Flow

-$921

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,492

HOA

None

Flood Risk

Not Required

Discover this stunning two-story home in the desirable Waterstone subdivision! With recent updates, including new carpet in the bedrooms, fresh paint, and new light fixtures, this home offers a modern, stylish living space. The open floor plan provides a spacious and airy atmosphere, perfect for both everyday living and entertaining. There is laminate hardwood flooring throughout the downstairs and a large kitchen island. The Waterstone neighborhood features sidewalks for leisurely walks and a beautiful pond for fishing, offering a serene and family-friendly environment. Don't miss this opportunity to own a beautifully updated home in a fantastic community!

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

Annual Financial Highlights

Expected Rent

$21,546

Expenses

-$3,512

Property Taxes

-$2,700

Loan Payments

-$16,255

Net Cash Flow

-$921

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:Brittney Mayes
Keller Williams Realty Vestavia
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21391196
Last Updated: 07/15/2024 02:07
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.