850 Sherman Oaks Dr

Birmingham, AL 35235
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3 bd, 2 ba | 2,307 sqft | Built in 1967

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List Price
$185,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,430

Total Return

$117,650

Annualized Return

27.6%

Cap Rate

6.0%

Gross Yield

9.3%

Cash Flow

$383

Appreciation

10.4%
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Features

Lot Size

0

HOA

None

Flood Risk

Not Required

Adorable and Attractive with many upgrades! All large bedrooms and huge den with fireplace and access door leading to covered and screen-in patio. Granite Countertops in kitchen, hardwood floors through-out, some painting rooms needed. Roof and water heater approximately 3 years old, front foundation exterior wall was recently re-waterproofed, interior front garage basement wall recently encapsulated with water diverting drain system, with replacement of support posts. Seller will contribute $2,000 towards buyer's closing cost for quick sale. Home is Sold AS-IS but may consider monetary concessions if a reasonable repair is needed. Easy access to Interstate I-59 and New Trussville City Entertaining District and Pinnacle Mall, and, Birmingham Uptown Entertainment District. This is a wonderful Owner Occupant Investment!!

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

Expected Rent

$16,302

Expenses

-$3,712

Property Taxes

-$2,150

Loan Payments

-$10,058

Net Cash Flow

$383

See more in Financials

Buyer's Agent

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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:Keith Turner
Real Estate Practitioners 1
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #1354542
Last Updated: 05/26/2023 10:05
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.