4353 Ridgemont Cir

Birmingham, AL 35244
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3 bd, 2.5 ba | 1,640 sqft | Built in 2016

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List Price
$175,000

Initial Investment

$46,734

Purchase Price

$171,500

Down Payment

25%

Rent

$1,295

Total Return

$62,515

Annualized Return

18.8%

Cap Rate

5.8%

Gross Yield

9.1%

Cash Flow

$329

Appreciation

6.3%
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Features

Occupancy

Occupied

Lease Start

03/31/2019

Lease End

04/30/2020

Lot Size

3,744

HOA

$19/mo

Flood Risk

Not Required

  • Attractive two-story 3 bed/ 2.5 bath townhome built in 2016
  • No immediate repairs
  • New 12-month lease started 3/31/2019
  • Top rated schools and close to shopping

MARKETS

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NEIGHBORHOOD

N/A

SCHOOLS

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Annual Financial Highlights

Expected Rent

$14,763

Expenses

-$3,410

Property Taxes

-$1,700

Loan Payments

-$9,324

Net Cash Flow

$329

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