987 CHICHESTER DR

BIRMINGHAM, AL 35214
image0

4 bd, 2 ba | 1,632 sqft | Built in 1974

slider image
slider image
slider image

Favorite

List Price
$200,000

Initial Investment

$54,500

Purchase Price

$200,000

Down Payment

25%

Rent

$1,330

Total Return

$58,720

Annualized Return

15.8%

Cap Rate

5.6%

Gross Yield

8.0%

Cash Flow

-$210

Appreciation

5.4%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,075

HOA

None

Flood Risk

Not Required

Remodeled 4BR/2BA home. New laminate hardwood floors throughout. Kitchen has granite counter tops and tiled back splash, pantry, eating area, and stainless appliances. There is a living/dining room area. Bathrooms have all new vanities with tiled tub surround and shower. There is a fourth bedroom downstairs with a den. New HVAC system. There is a one car garage and fenced back yard to complete this home.

MARKETS

View Stats

NEIGHBORHOOD

SCHOOLS

See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781

Annual Financial Highlights

Expected Rent

$15,162

Expenses

-$2,699

Property Taxes

-$1,800

Loan Payments

-$10,873

Net Cash Flow

-$210

See 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.
View Options

Similar Listings



Listing Courtesy of:Cody Cato
Agent License 80840
Impact Realty Advisors
Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
SourceGreater Alabama MLS
MLS #21415410
Last Updated: 04/17/2025 09:04
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.