2227 Cheshire Dr

Birmingham, AL 35235
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3 bd, 3 ba | 1,225 sqft | Built in 1991

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Sale Pending

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List Price
$139,900

Initial Investment

$38,123
Pre-approval letter or proof of funds required.

Purchase Price

$139,900

Down Payment

25%

Rent

$1,250

Total Return

$100,089

Annualized Return

31.4%

Cap Rate

7.6%

Gross Yield

10.7%

Cash Flow

$2,384

Appreciation

10.4%
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Features

Occupancy

Vacant

Property Type

Townhouse

Lot Size

3,323

HOA

None

Flood Risk

Not Required

Be prepared to fall in LOVE with everything this townhouse has to offer both INSIDE & OUT! Bond with family & entertain friends while enjoying NATURAL lighting and NEUTRAL colors. Cook up a feast in the kitchen with plenty of countertop space for the chef to spread out. Plenty of space for the whole family to spread out with 3 bedrooms and 2 full baths and 1 half bath. Chill out in your private, fenced in back yard. Conveniently located to restaurants, shopping, interstate access and more. This townhouse is the perfect combination of space, location & price!

See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781

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Annual Financial Highlights

Expected Rent

$14,250

Expenses

-$3,555

Property Taxes

-$705

Loan Payments

-$7,606

Net Cash Flow

$2,384

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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AL Brokerage License 000136617
SourceGreater Alabama MLS
MLS #1336281
Last Updated: 11/12/2022 06:11
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.