5558 Jeremiah Ln

Birmingham, AL 35235
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2 bd, 2 ba | 1,749 sqft | Built in 1997

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,530

Total Return

$141,504

Annualized Return

24.3%

Cap Rate

4.6%

Gross Yield

7.3%

Cash Flow

-$2,774

Appreciation

10.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,905

HOA

$14/mo

Flood Risk

Not Required

Move In Ready 2-bedroom 2 bath garden home in the highly sought after community of Millington. All one level living, with its large eat-in kitchen and lots of counter space. The master bedroom is so spacious that you will have room to place all those large furniture pieces that you have wanted. The master bath has a double vanity and plenty of room for your clothes in the walk-in closet. Gorgeous level, fenced in backyard with covered patio. It will be a great place for friends and family to get together. Don’t forget the main level garage and walk-up attic space. Kitchen appliances stay with the house.

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

Annual Financial Highlights

Expected Rent

$17,442

Expenses

-$4,380

Property Taxes

-$2,250

Loan Payments

-$13,586

Net Cash Flow

-$2,774

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:Jessica McKnight
Barnes & Associates
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21382302
Last Updated: 04/10/2024 19:04
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