3016 Village Ridge Dr

Calera, AL 35040
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3 bd, 2 ba | 1,618 sqft | Built in 2020

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List Price
$255,000

Initial Investment

$69,488

Purchase Price

$255,000

Down Payment

25%

Rent

$1,540

Total Return

$94,015

Annualized Return

18.0%

Cap Rate

4.5%

Gross Yield

7.2%

Cash Flow

-$2,541

Appreciation

7.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,301

HOA

$33/mo

Flood Risk

Not Required

Welcome to 3016 Village Ridge Dr! This beautiful 3-bedroom 2 bath home was built in 2020 and is move in ready. You will love this open concept living room that opens into the kitchen and dining area. The master bedroom is spacious and has a private bathroom with a garden tub, that connects to a walk-in closet. This home has a covered patio, 6-8 foot privacy fence, and 2 car garage. Renovations include added recess chandeliers, brand new dishwasher, & installed security system. HOA amenities include MASSIVE pool, tennis courts, clubhouse available for events, basketball court, AND lake with walking trails. HOA fees are paid until April 2025 as well as termite protection!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$17,556

Expenses

-$3,934

Property Taxes

-$2,300

Loan Payments

-$13,863

Net Cash Flow

-$2,541

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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

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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:Cliff Glansen
Agent License 88060
FlatFee.com
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21382519
Last Updated: 04/13/2024 00:04
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.