92 Swindle Dr

Adamsville, AL 35005
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3 bd, 1 ba | 1,386 sqft | Built in 1958

For Sale

Exclusive

List Price
$114,000

Initial Investment

$116,102

$

about the purchase process.
Features

Occupancy

Month To Month

Lease Start

12/20/2019

Lease End

M/M

Lot Size

15,000

HOA

None

Flood Risk

Not Required

  • Attractive 6%+ cap rate.
  • Solid tenant since December of 2019. 100% Section 8, under market rent with excellent tenant payment history.
  • Fully renovated in 2019 through Spartan Invest.
  • New metal roof (30 year life), new HVAC system, refinished original Hardwood floors plus granite countertops.
  • Minimal estimated immediate costs.
  • Large lot located in a highly desirable Adamsville neighborhood (safe and family oriented).
See more in Analysis

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Annual Financial Highlights

Expected Rent

$10,488

Expenses

-$2,661

Property taxes

-$1,000

Loan Payments

$0

Net Cash Flow

$6,827

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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.