5545 Park Side Rd Hoover, AL 35244
3bd, 2ba | 1,803sqft | Built in 2017
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Initial Investment
$239,261
List Price: $235,000
Purchase Price
$235,000
Down Payment
100%
Rent
$1,650

Total Return
$74,824
Annualized Return
6.1%
Cap Rate
5.0%
Gross Yield
8.4%
Cash Flow
$11,472
Appreciation
2.2%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
02/01/2019 
Lease End
02/28/2022 
Lot Size
5,000 
HOA
$33/mo
Flood Risk
Not Required
  • 4.5 star neighborhood
  • Leased thru 2/28/2022
  • Upgraded kitchen with open floor plan
  • In Lake Cyrus Community with access to paid membership that includes pool, tennis and more

Annual Financial Highlight
Expected Rent
$18,810
Expenses
-$4,038
Property Taxes
-$3,300
Loan Payments
$0

Net Cash Flow
$11,472
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.

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