2701 31st Avenue Way
Northport, AL 35476
List Price
$259,000
Initial Investment
$70,578Purchase Price
$259,000
Down Payment
25%
Rent
$1,400
Total Return
$73,724
Annualized Return
15.0%
Cap Rate
5.0%
Gross Yield
6.5%
Cash Flow
-$1,861
Appreciation
5.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
10,016
HOA
None
Flood Risk
Not Required
Move-in ready, well-maintained home in a prime location! Enjoy the convenience of nearby shops, hospitals, restaurants, and more. Relax in the master bathroom's stunning remodel. Plus, say goodbye to carpet with beautiful hardwood, ceramic tile, and luxury vinyl plank flooring throughout. Peace of mind comes with updated essentials: HVAC (approx 7 years old), water heater (approx 7 years old), cooktop and range hood (approx 3 years old). Unwind in the large backyard featuring a storage shed, a fenced-in yard with a dog run, and a covered patio for entertaining.
See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10
Annual Financial Highlights
Expected Rent
$15,960Expenses
-$2,841Property Taxes
-$900Loan Payments
-$14,081Net Cash Flow
-$1,861See 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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SourceWest Alabama MLS
MLS #162065
Last Updated: 04/09/2024 23:04
MLS #162065
Last Updated: 04/09/2024 23:04