2523 Parkwood Dr

Cottondale, AL 35453
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4 bd, 2 ba | 2,065 sqft | Built in 1989

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List Price
$265,000

Initial Investment

$72,213

Purchase Price

$265,000

Down Payment

25%

Rent

$1,690

Total Return

$88,357

Annualized Return

17.6%

Cap Rate

5.9%

Gross Yield

7.7%

Cash Flow

$530

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome home! Step inside to find a spacious living area w/vaulted ceiling, gorgeous accent beam and stone wood-burning fireplace. Entire home has undergone a complete update w/low-maintenance flooring, lighting fixtures, vanities, and fresh paint throughout. Kitchen features stone countertops, new stainless steel appliances, and a cozy eat-in area. Walk out to the new back deck from the kitchen and enjoy barbecuing outside while looking over your spacious, flat yard w/storage shed! The primary bedroom is large enough for king size furniture and the adjoining bathroom has a newly tiled walk in shower. Spacious fourth bedroom with giant walk in closet could easily be enjoyed as another den or transformed into a convenient IN-LAW SUITE with plenty of room for a 3rd bathroom. This is the one!

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

Annual Financial Highlights

Expected Rent

$19,266

Expenses

-$3,429

Property Taxes

-$900

Loan Payments

-$14,407

Net Cash Flow

$530

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:Jason Patton
Keller Williams Realty Vestavia
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceWest Alabama MLS
MLS #162184
Last Updated: 04/23/2024 00:04
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.