1220 Lynwood Dr

Montgomery, AL 36111
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5 bd, 2 ba | 1,837 sqft | Built in 1953

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For Sale

Exclusive

List Price
$141,500

Initial Investment

$38,559
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Unspecified

Lease Start

12/01/2020

Lease End

11/30/2022

Lot Size

16,188

HOA

None

Flood Risk

Not Required

  • Highlights: Strong cap rate
  • Tenant: Tenant is full Section 8
  • Location: 8 Colleges and universities located in Montgomery; Massive Student Market; Major military installation, USAF Air University etc.
  • Inspection: The inspection reported dated 4/20/22 stated the following items were required to repair. Seller made the following repairs which has qualified this property to be certified. Please see inspection folder and cleared items by our certification and inspection team:
- Kitchen: Mold like substance was noted below the sink in the cabinet area. Window painted shut which is a safety issue. Recommend repairs and microbial remediation. - CLEARED
- Bedrooms: Windows were painted shut which is a safety issue. Recommend repairs. - CLEARED
- Bathroom: There is water stain on ceiling that appears to have spotted areas. This could be beginning signs of microbial growth. Recommend microbial remediation. - CLEARED
- Attic: One area of decking appears to be damaged. Recommend repairs. - CLEARED
See more in Analysis

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Annual Financial Highlights

Expected Rent

$12,255

Expenses

-$3,051

Property Taxes

-$900

Loan Payments

-$6,080

Net Cash Flow

$2,224

See more in Financials

Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

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