8437 2nd Ave S
Birmingham, AL 35206
List Price
$250,000
Initial Investment
$68,125Purchase Price
$250,000
Down Payment
25%
Rent
$1,120
Total Return
$42,643
Annualized Return
9.0%
Cap Rate
3.2%
Gross Yield
5.4%
Cash Flow
-$6,056
Appreciation
5.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
8,250
HOA
None
Flood Risk
Not Required
Fall in love w/this charming brick bungalow- so many extra features! Beautifully renovated w/GORGEOUS HARDWOOD FLOORS throughout! From the charming front porch, enter SUNPORCH w/HVAC for perfect morning coffee or a work space! Living room w/fireplace and mid-century modern ledge for all your houseplants! Plants will LOVE this home's SUNLIGHT! Rooms can be flip-flopped depending on how you live. Kitchen is HUGE!! Counter space is unbelievable. All new cabinets, countertops, tile, appliances & perfect coffee bar! Perfect breakfast bar too! Beautiful bathrooms in this home! Master even has amazing extra room attached for closet/office/storage! Two more great bedrooms! Even stairs to attic for expansion/storage!Separate laundry area in kitchen. Back patio for grilling & entertaining. Stairs to backyard where the possibilities are endless- entertainer's paradise or finish off a garage New Roof, HVAC and ductwork, water heater, windows, lighting including recessed lighting, security system.
See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781
Annual Financial Highlights
Expected Rent
$12,768Expenses
-$2,982Property Taxes
-$2,250Loan Payments
-$13,591Net Cash Flow
-$6,056See 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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SourceGreater Alabama MLS
MLS #21365544
Last Updated: 09/15/2023 14:09
MLS #21365544
Last Updated: 09/15/2023 14:09