4429 Wright St

Montgomery, AL 36116
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3 bd, 2 ba | 1,271 sqft | Built in 1965

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List Price
$71,000

Initial Investment

$19,906

Purchase Price

$65,000

Down Payment

25%

Rent

$850

Total Return

$25,016

Annualized Return

21.2%

Cap Rate

10.3%

Gross Yield

15.7%

Cash Flow

$2,548

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Start

07/01/2019

Lease End

06/30/2020

Lot Size

8,128

HOA

None

Flood Risk

Not Required

  • Meets 1% rule
  • Attractive cap rate
  • Easy access to Montgomery Airport (15 min)
  • April Rent has been paid. See ledger in diligence vault

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,108

Property Taxes

-$500

Loan Payments

-$3,534

Net Cash Flow

$2,548

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