123 Hobbie Dr

Montgomery, AL 36105
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4 bd, 2 ba | 2,066 sqft | Built in 1952

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List Price
$173,000

Initial Investment

$47,143

Purchase Price

$173,000

Down Payment

25%

Rent

$1,810

Total Return

$64,142

Annualized Return

21.8%

Cap Rate

8.9%

Gross Yield

12.6%

Cash Flow

$5,222

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,274

HOA

None

Flood Risk

Not Required

Step into this beautifully updated 4-bedroom home where comfort meets elegance! The open-concept living room flows effortlessly into the dining area and the modern kitchen has new backsplash, counters, cabinets, light features. Making this area designed for entertaining. Enjoy cooking and gathering around the bar area, perfectly lit with elegant lighting that sets the mood for any occasion.
Freshly painted throughout, this home boasts brand-new luxury vinyl plank (LVP) flooring, You’ll find four generously sized bedrooms, each offering its own unique charm and natural light. Whether you're creating a peaceful retreat, a stylish guest room, a productive home office, or a vibrant kids’ space, there's room to do so. All bathrooms have been stylishly renovated. Home has sleek new cabinets, updated doors, new appliances and a new roof—giving the home a crisp, contemporary feel inside and out. But that’s not all. A beautifully designed mudroom and laundry room have been added, creating a practical space to drop off coats, bags, or shoes, while keeping laundry tucked away in its own dedicated area. System upgrades include a new furnace, two new water heaters, and more—offering both peace of mind and efficiency.
Situated on a large lot, the exterior features a long, inviting front porch—perfect for relaxing mornings or peaceful evenings—and a covered carport that offers shade and convenience for your daily parking needs.
This move-in ready gem is the perfect blend of charm and functionality. Don’t miss the chance to make it yours!

See more in Analysis
Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$20,634

Expenses

-$4,406

Property Taxes

-$1,600

Loan Payments

-$9,405

Net Cash Flow

$5,222

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:Tyneshia Hasberry
Agent License 0109980
Realty Central
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #574450
Last Updated: 04/17/2025 02:04
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