3093 Rita Ln

Montgomery, AL 36108
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3 bd, 2 ba | 988 sqft | Built in 1977

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List Price
$35,000

Initial Investment

$12,538

Purchase Price

$35,000

Down Payment

25%

Rent

$400

Total Return

$10,208

Annualized Return

14.6%

Cap Rate

9.4%

Gross Yield

13.7%

Cash Flow

$1,100

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Lot Size

7,196

HOA

None

Flood Risk

Not Required

Great Investment opportunity at a relatively low price point!!! This property has been occupied by the same tenant since 8/01/2015 with rents at $400/month and tenant has no desire to move. Start investing your cash and begin earning a great return on your investment or add to your current holdings! Property is professionally managed by a local property management company with said company desiring to retain management duties if you like and this just makes the transition that much easier!!! Put your money to work for you and have your money make you more money!!!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$4,560

Expenses

-$1,384

Property Taxes

-$173

Loan Payments

-$1,903

Net Cash Flow

$1,100

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:Michael Stroup
Harris And Atkins Real Estate
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #494695
Last Updated: 05/26/2021 15:05
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.