13680 Koffman Spur

Northport, AL 35475
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3 bd, 2 ba | 1,092 sqft | Built in 1989

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List Price
$135,000

Initial Investment

$36,788

Purchase Price

$135,000

Down Payment

25%

Rent

$1,400

Total Return

$51,413

Annualized Return

21.9%

Cap Rate

8.8%

Gross Yield

12.4%

Cash Flow

$3,705

Appreciation

4.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Discover this charming three-bedroom, two-bathroom home nestled on a spacious 1.35-acre lot, surrounded by a neighborhood atmosphere. While this cozy abode awaits your personal touch and updates, its quaint appeal and ample outdoor space offer endless potential for customization and expansion. Embrace the opportunity to make this house your own in a rural community setting, where convenience meets countryside charm.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Mel Priess-AL
Roofstock Realty LLC
Agent License #000141516

Annual Financial Highlights

Expected Rent

$15,960

Expenses

-$4,145

Property Taxes

-$770

Loan Payments

-$7,339

Net Cash Flow

$3,705

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:Jordan Williams
Keller Williams-Vestavia
Certified Agent Brokerage:Mel Priess-AL
Roofstock Realty LLC
SourceWest Alabama MLS
MLS #162216
Last Updated: 04/20/2024 15:04
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.