6140 Cherry Hill Rd

Montgomery, AL 36116
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4 bd, 2 ba | 1,227 sqft | Built in 1981

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List Price
$89,900

Initial Investment

$24,498

Purchase Price

$89,900

Down Payment

25%

Rent

$1,420

Total Return

$48,835

Annualized Return

32.4%

Cap Rate

12.8%

Gross Yield

19.0%

Cash Flow

$5,634

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,497

HOA

None

Flood Risk

Not Required

Great investment property that can generate up to $18,000/year. This 4 bedroom, 2 bath brick home has central heat and air and washer/dryer hookups and an open, functional layout. Start or add to your rental portfolio with this ready to rent home.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$16,188

Expenses

-$4,817

Property Taxes

-$850

Loan Payments

-$4,887

Net Cash Flow

$5,634

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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Similar Listings



Listing Courtesy of:David Herman
Agent License 0011073
David Herman Realty
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #574378
Last Updated: 04/22/2025 17:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.