4124 Fitzpatrick Blvd

Montgomery, AL 36116
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3 bd, 2 ba | 1,190 sqft | Built in 2004

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List Price
$90,000

Initial Investment

$24,389

Purchase Price

$89,500

Down Payment

25%

Rent

$900

Total Return

$29,167

Annualized Return

19.1%

Cap Rate

8.2%

Gross Yield

12.1%

Cash Flow

$1,945

Appreciation

3.8%
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Features

Occupancy

Month To Month

Lease Start

07/15/2019

Lease End

M/M

Lot Size

8,490

HOA

None

Flood Risk

Not Required

  • Strong cap rate
  • Newer property in good shape
  • Recently installed 3 screens at request of tenant to give air flow without running AC
  • Will be sold as-is per seller
  • This property meets the coveted and rare "1%" rule - 1% of property price per month in rent

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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,749

Property Taxes

-$700

Loan Payments

-$4,866

Net Cash Flow

$1,945

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