3204 Ontario Dr

Northport, AL 35473
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3 bd, 2 ba | 1,860 sqft | Built in 1967

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List Price
$290,000

Initial Investment

$79,025

Purchase Price

$290,000

Down Payment

25%

Rent

$1,630

Total Return

$93,852

Annualized Return

16.6%

Cap Rate

5.1%

Gross Yield

6.7%

Cash Flow

-$1,772

Appreciation

6.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

32,529

HOA

$0/mo

Flood Risk

Not Required

Nestled in the heart of Northwood Lake on almost an acre, you will fall in love with this beautiful, move-in ready, all-brick home. With three bedrooms, two bathrooms and a separate formal dinning room this home offers a cozy and comfortable living experience. It also has an additional multi purpose room that could serve as a play room, office, etc. The granite counter tops and stainless steel appliances adds the perfect amount of elegance. You can spend your mornings or evenings enjoying the fresh air on the back deck. The neighborhood offers multiple amenities allowing you to make memories for a lifetime.

See more in Analysis
Mel Priess-AL
Roofstock Realty LLC
Agent License #000141516

Annual Financial Highlights

Expected Rent

$18,582

Expenses

-$3,308

Property Taxes

-$1,280

Loan Payments

-$15,766

Net Cash Flow

-$1,772

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:Ashley Smith
1ST Class Real Estate Heritage Homes
Certified Agent Brokerage:Mel Priess-AL
Roofstock Realty LLC
SourceWest Alabama MLS
MLS #161850
Last Updated: 03/28/2024 13:03
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