7304 2nd Ave S # Duplicated669342

Birmingham, AL 35206
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3 bd, 1 ba | 1,590 sqft | Built in 1925

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List Price
$167,900

Initial Investment

$45,753

Purchase Price

$167,900

Down Payment

25%

Rent

$1,060

Total Return

$42,026

Annualized Return

13.4%

Cap Rate

4.8%

Gross Yield

7.6%

Cash Flow

-$1,546

Appreciation

5.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,250

HOA

None

Flood Risk

Not Required

Cute modern Tudor home in up and coming East Lake! Super convenient to Avondale and Crestwood (and at half the price) as well as Eastwood/Crestline and downtown. Refinished hardwood floors, large bedrooms, fenced backyard. The master has a sunroom that would be an easy conversion to a master bath. Former detached accessory dwelling unit in back yard not currently habitable, but was plumbed and had electrical at one time and could presumably be functional again. Sits right on the primary bike route that heads to the Ruffner Mountain system.

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NEIGHBORHOOD

SCHOOLS

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Benjamin Hedden
Bham Realty
AL Agent License #000123781

Annual Financial Highlights

Expected Rent

$12,084

Expenses

-$2,952

Property Taxes

-$1,550

Loan Payments

-$9,128

Net Cash Flow

-$1,546

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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

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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:Justin Mundie
eXp Realty, LLC Central
Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
SourceGreater Alabama MLS
MLS #21383281
Last Updated: 05/13/2024 14:05
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