5261 Balboa Ave

Pinson, AL 35126
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3 bd, 2 ba | 1,670 sqft | Built in 1984

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List Price
$182,000

Initial Investment

$49,595

Purchase Price

$182,000

Down Payment

25%

Rent

$1,390

Total Return

$86,999

Annualized Return

23.4%

Cap Rate

6.6%

Gross Yield

9.2%

Cash Flow

$1,455

Appreciation

7.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,960

HOA

None

Flood Risk

Not Required

Home has been completely remodeled. Stainless stove and dishwasher have been added since pictures. Ceramic tile backsplash in kitchen, granite countertops in bathrooms. Kitchen, great room and hall are gray 6 inch x 24 inch laminate. Den downstairs has closet and window and could be 4th bedroom. Ceramic tile in den. New front porch and rear deck.

See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$15,846

Expenses

-$2,847

Property Taxes

-$1,650

Loan Payments

-$9,894

Net Cash Flow

$1,455

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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Listing Courtesy of:Alan Smith
Allsouth Realty, Inc
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21382570
Last Updated: 04/13/2024 00:04
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