5407 Somersby Pkwy Pinson, AL 35126
5bd, 3ba | 2,292sqft | Built in 2015
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Initial Investment
$274,403
List Price: $270,000
Purchase Price
$270,000
Down Payment
100%
Rent
$1,907

Total Return
$91,107
Annualized Return
6.5%
Cap Rate
5.3%
Gross Yield
8.5%
Cash Flow
$14,080
Appreciation
2.2%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
12/08/2018 
Lease End
12/31/2021 
Lot Size
30,980 
HOA
$15/mo
Flood Risk
Not Required
  • Built in 2015
  • Located in coveted Somersby Community of Pinson
  • Hardwood floors, stainless steel appliances, granite counter tops
  • Leased thru 12/31/2021

Annual Financial Highlight
Expected Rent
$21,740
Expenses
-$4,359
Property Taxes
-$3,300
Loan Payments
$0

Net Cash Flow
$14,080
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

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.