5345 Red Valley Rd Remlap, AL 35133
3bd, 2ba | 1,173sqft | Built in 2002
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Initial Investment
$123,899
List Price: $119,900
Purchase Price
$119,900
Down Payment
100%
Rent
$900

Total Return
$41,873
Annualized Return
6.6%
Cap Rate
6.2%
Gross Yield
9.0%
Cash Flow
$6,916
Appreciation
2.2%
Features
Roofstock Certified
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
21,780 
HOA
None
Flood Risk
Not Required
  • Seller claims move-in-ready
  • New kitchen includes new range/oven and dishwasher
  • Conveniently located 35 minutes from Downtown Birmingham
  • Listed on the MLS on 3/3/19

Annual Financial Highlight
Expected Rent
$10,260
Expenses
-$2,444
Property Taxes
-$900
Loan Payments
$0

Net Cash Flow
$6,916
Considerations
Property Characteristics    View Details



Buyer's Agent
An experienced local broker will represent and assist you throughout the transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact them with questions even before making an offer.
  • Plus, a professional home inspection will be conducted during closing, paid for by Roofstock. As soon as the inspection report is ready, your Buyer’s Agent will discuss the findings with you and help with any next steps.
  • There is no additional cost to having a Buyer’s Agent as their fees will be paid by the seller.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

Listed By: Mark Caudell, Coldwell Banker Graben-Arab
Listing Source: MLS #842070 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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