408 Red Oak Ct

Montgomery, AL 36117
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4 bd, 2 ba | 2,146 sqft | Built in 1994

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For Sale

Exclusive

List Price
$274,950

Initial Investment

$74,924
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

02/15/2022

Lease End

02/28/2023

Lot Size

19,859

HOA

None

Flood Risk

Not Required

  • Highlights/Opportunity: Low operating costs to increase annual cash flow
  • Location: Located in 4-star neighborhood just minutes from downtown Montgomery; Capital of Alabama; home to state and regional governments; Major military installation, USAF Air University etc; 8 Colleges and universities located in Montgomery; Massive Student Market
  • Improvements/Condition: Hard surfaces throughout – keeping maintenance costs low
See more in Analysis

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Annual Financial Highlights

Expected Rent

$19,608

Expenses

-$4,698

Property Taxes

-$1,500

Loan Payments

-$14,948

Net Cash Flow

-$1,537

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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