530 63rd St S
Birmingham, AL 35212
List Price
$159,000
Initial Investment
$43,328Purchase Price
$159,000
Down Payment
25%
Rent
$840
Total Return
$32,874
Annualized Return
11.0%
Cap Rate
3.9%
Gross Yield
6.3%
Cash Flow
-$2,768
Appreciation
5.4%
Reset to DefaultEdit Assumptions
Features
Lot Size
3,150
HOA
None
Flood Risk
Not Required
What a unique opportunity in a great location! A beautifully renovated 2 bed 2 bath bungalow located just minutes from downtown Birmingham and right next-door to everything great in Crestwood and Avondale. On the main level, you will find an open concept living, dining, kitchen area, as well as a bedroom and full bath. The lower level has a private bedroom and bathroom, laundry area, and a separate entrance for additional income opportunity (AirBNB, extended stay or long term tenant) so that you can have your mortgage well paid for! Located in a great up-and-coming area, you will have to look long and hard to find a price and value like this somewhere else.
See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10
Annual Financial Highlights
Expected Rent
$9,576Expenses
-$1,850Property Taxes
-$1,850Loan Payments
-$8,644Net Cash Flow
-$2,768See more in Financials
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.
- Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
- You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
- Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
- Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.
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 #1348500
Last Updated: 03/18/2023 19:03
MLS #1348500
Last Updated: 03/18/2023 19:03