401 Mid Ridge Ln
Pelham, AL 35124
List Price
$219,900
$5K
Initial Investment
$59,923Purchase Price
$219,900
Down Payment
25%
Rent
$1,660
Total Return
$90,539
Annualized Return
21.0%
Cap Rate
6.5%
Gross Yield
9.1%
Cash Flow
$1,540
Appreciation
6.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Property Type
Townhouse
Lot Size
2,788
HOA
None
Flood Risk
Not Required
Spacious corner home with over 1500+ Sq.Ft. Centrally located, just minutes to I-65 & Hwy 31. Exterior offers low maintenance brick/vinyl siding and a small private fully fenced backyard. Kitchen is spacious with breakfast bar plus eat-in area dining area for entertaining. Brand-New Stainless-Steel Appliances: Refrigerator & Dishwasher. Great room includes a marble fireplace and brand-new hardwood flooring. Large Size Master Suite with lots of closet space, dual vanity and huge tub. Second Bedroom with attached full bath. Ideal for anyone wanting low maintenance. New AC, New water heater, new carpet, fresh paint throughout. Backyard with covered porch for family hangout and entertainment. Great neighborhood.
See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10
Annual Financial Highlights
Expected Rent
$18,924Expenses
-$3,380Property Taxes
-$2,050Loan Payments
-$11,955Net Cash Flow
$1,540See 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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SourceGreater Alabama MLS
MLS #21379851
Last Updated: 03/23/2024 21:03
MLS #21379851
Last Updated: 03/23/2024 21:03