1220 Lynwood Dr
Montgomery, AL 36111
List Price
$135,000
$6.5K
Initial Investment
$34,063Purchase Price
$125,000
Down Payment
25%
Rent
$1,415
Total Return
$47,241
Annualized Return
22.3%
Cap Rate
9.2%
Gross Yield
13.6%
Cash Flow
$3,942
Appreciation
3.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
12/01/2020
Lease End
11/30/2022
Lot Size
16,188
HOA
None
Flood Risk
Not Required
- 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
Annual Financial Highlights
Expected Rent
$16,131Expenses
-$4,493Property Taxes
-$900Loan Payments
-$6,796Net Cash Flow
$3,942See more in Financials
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