6971 MARCH RD

THEODORE, AL 36582
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3 bd, 2 ba | 1,455 sqft | Built in 2005

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List Price
$197,500

Initial Investment

$53,819

Purchase Price

$197,500

Down Payment

25%

Rent

$1,830

Total Return

$102,130

Annualized Return

26.1%

Cap Rate

8.0%

Gross Yield

11.1%

Cash Flow

$4,169

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

21,780

HOA

None

Flood Risk

Not Required

This charming 3-bedroom, 2-bathroom home is packed with updates and ready for its new owner! Enjoy peace of mind with a new roof (2022), new HVAC (2019), and brand-new carpet in all bedrooms (March 2025).The spacious owner's suite features a separate soaking tub and shower, dual sinks, additional cabinet storage, and a large walk-in closet. The updated kitchen boasts a tile backsplash, recessed lighting, and a custom island with extra seating, perfect for gatherings. Luxury vinyl plank flooring flows seamlessly through the living room and kitchen, creating a modern and inviting feel. Step outside to a large back deck and yard, ideal for entertaining. The 400 sq. ft. attached garage offers plenty of storage space.This home also comes with a transferable termite bond with Arrow. Refrigerator, washer and dryer will convey at no value, with an acceptable offer. Don't miss out-schedule your showing today! Buyer to verify all information during due diligence.

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

Annual Financial Highlights

Expected Rent

$20,862

Expenses

-$4,155

Property Taxes

-$1,800

Loan Payments

-$10,737

Net Cash Flow

$4,169

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.

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Listing Courtesy of:Elizabeth Dover
Bellator Real Estate, LLC
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGulf Coast MLS (GCMLS)
MLS #7553910
Last Updated: 04/11/2025 00:04
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