589 Waterstone Dr

Montevallo, AL 35115
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4 bd, 2 ba | 1,774 sqft | Built in 2018

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List Price
$280,000

Initial Investment

$76,300

Purchase Price

$280,000

Down Payment

25%

Rent

$1,640

Total Return

$99,418

Annualized Return

17.9%

Cap Rate

5.1%

Gross Yield

7.0%

Cash Flow

-$1,274

Appreciation

6.7%
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Features

Lot Size

7,667

HOA

$21/mo

Flood Risk

Not Required

Get ready to come home to a wonderful home! Built in 2018 this home has lots of builder upgrades because it was originally the model house for the neighborhood! Granite countertops, luxury vinyl plank flooring, and much more! Don't miss out on this home! Open house Sunday from 2-4!

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

Expected Rent

$18,696

Expenses

-$3,297

Property Taxes

-$1,450

Loan Payments

-$15,222

Net Cash Flow

-$1,274

See 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.
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  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
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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:Isaac McDow
Keller Williams Realty Vestavia
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #1348235
Last Updated: 03/17/2023 22:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.