135 Ridgeview Dr

Millbrook, AL 36054
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3 bd, 2 ba | 1,341 sqft | Built in 2004

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List Price
$135,000

Initial Investment

$38,650

Purchase Price

$140,000

Down Payment

25%

Rent

$1,150

Total Return

$39,058

Annualized Return

16.2%

Cap Rate

7.2%

Gross Yield

9.9%

Cash Flow

$1,854

Appreciation

3.9%
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Features

Occupancy

Vacant

Lot Size

5,663

HOA

None

Flood Risk

Not Required

Light, bright, and beautiful brick ranch in a prime location! Perfectly placed just minutes from AL-14 you can take advantage of easy access to all your favorite attractions while enjoying the peace that Millbrook has to offer. This spacious open floorplan offers uninterrupted sightlines from the kitchen to the dining room and living room for more meaningful connections with loved ones. Spend long summer afternoons in the privacy-fenced backyard with a covered patio and deck extension providing plenty of space for hosting gatherings with friends and family. The master suite is fully equipped with everything you need to begin and end each day comfortably including a full bathroom with double vanity, garden tub, walk-in shower, and walk-in closet! Ready for immediate move-in, the only thing missing is you! Schedule your showing today before it???s too late!

See more in Analysis
Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$13,110

Expenses

-$3,245

Property Taxes

-$400

Loan Payments

-$7,611

Net Cash Flow

$1,854

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:Rachel Lowell
Marketplace Homes (Seller)
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #492511
Last Updated: 04/26/2021 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.