449 WOODLAND RIDGE RD ODENVILLE, AL 35120
3bd, 1ba | 1,428sqft | Built in 2003
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Initial Investment
$165,445
List Price: $163,000
Purchase Price
$163,000
Down Payment
100%
Rent
$1,300

Market rent may range from $1,235 to $1,365


Total Return
$63,619
Annualized Return
7.5%
Cap Rate
6.6%
Gross Yield
9.6%
Cash Flow
$10,099
Appreciation
2.2%
Features
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
17,424 
HOA
None
Flood Risk
Not Required
  • Beautiful 3-bed, 2-bath home built in 2003
  • Attractive 4-star neighborhood with 6+ cap rate
  • 30-minute commute to downtown Birmingham; above average school scores
  • Listed on MLS on 2/25/19

Annual Financial Highlight
Expected Rent
$14,820
Expenses
-$3,421
Property Taxes
-$1,300
Loan Payments
$0

Net Cash Flow
$10,099
Considerations
Property Characteristics    View Details




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.
  • There is no additional cost to having our Agent represent you in the purchase, as their fees will be paid by the seller.

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.

Listed By: Lorrie Mathus, Legacy Home Realty, LLC
Listing Source: MLS #841389 details provided by Greater Alabama. Information deemed reliable but not guaranteed. Copyright 2019 Greater Alabama. All rights reserved. Data is refreshed every 30 minutes.
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