929 Ironwood Dr

Montgomery, AL 36117
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3 bd, 2 ba | 1,556 sqft | Built in 1993

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List Price
$150,000

Initial Investment

$49,193
Pre-approval letter or proof of funds required.

Purchase Price

$153,000

Down Payment

25%

Rent

$1,325

Total Return

$36,048

Annualized Return

12.5%

Cap Rate

7.3%

Gross Yield

10.4%

Cash Flow

$2,129

Appreciation

3.8%
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Features

Occupancy

Owner Occupied

Vacancy Protection

Yes

Lease Start

-

Lease End

-

Lot Size

8,795

HOA

None

Flood Risk

Not Required

Very private lot!!!!! This home is priced just right for the new owners to put their own special touch!!

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

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Annual Financial Highlights

Expected Rent

$15,105

Expenses

-$3,718

Property Taxes

-$940

Loan Payments

-$8,318

Net Cash Flow

$2,129

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:Sarah Rose Wallace
Wallace RPM
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #527608
Last Updated: 10/12/2022 13:10
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.