2501 16th St E

Tuscaloosa, AL 35404
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3 bd, 1 ba | 1,144 sqft | Built in 1953

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List Price
$149,900

Initial Investment

$40,848

Purchase Price

$149,900

Down Payment

25%

Rent

$1,220

Total Return

$61,595

Annualized Return

21.9%

Cap Rate

7.6%

Gross Yield

9.8%

Cash Flow

$2,487

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to your chance to own a slice of Tuscaloosa history with this distinctive mid-century modern house designed by the renowned Don Buel Schuyler. Nestled on a generous 0.75-acre lot, this property offers a tranquil retreat amidst lush surroundings. The architectural design reflects Schuyler's vision of integrating functional living spaces with the natural beauty of the outdoors, providing a harmonious living experience. The essence of this home's charm lies not just in its measurements but in the thoughtful design and serene setting it offers. Its location combines the peace and quiet of secluded living with the convenience of proximity to local amenities, ensuring that the best of both worlds is at your doorstep. Whether you're looking for a family home or a peaceful retreat, this house promises to be a space where memories are made.

See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$13,908

Expenses

-$2,721

Property Taxes

-$550

Loan Payments

-$8,149

Net Cash Flow

$2,487

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:Caitlin Tubbs Wilson
HAMNER REAL ESTATE
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceWest Alabama MLS
MLS #162087
Last Updated: 04/10/2024 18:04
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.