1126 Carnation Dr

Birmingham, AL 35215
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4 bd, 2 ba | 2,524 sqft | Built in 1959

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List Price
$184,900

Initial Investment

$50,385

Purchase Price

$184,900

Down Payment

25%

Rent

$1,460

Total Return

$74,500

Annualized Return

20.4%

Cap Rate

6.2%

Gross Yield

9.5%

Cash Flow

$730

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

This charming 4-bedroom, 2-bathroom home offers a comfortable and inviting living space with a finished basement, providing ample room for relaxation and entertainment. The two large decks, one of which is covered, create a perfect outdoor oasis for enjoying the fresh air and hosting gatherings. The new roof and HVAC system ensure peace of mind and energy efficiency, while the stainless steel appliances add a touch of modern elegance to the kitchen. The den and office provide versatile spaces for work or study, and the additional bedroom in the basement offers flexibility for guests or extended family.

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NEIGHBORHOOD

SCHOOLS

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Benjamin Hedden
Bham Realty
AL Agent License #000123781

Annual Financial Highlights

Expected Rent

$16,644

Expenses

-$3,042

Property Taxes

-$2,820

Loan Payments

-$10,052

Net Cash Flow

$730

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

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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:Gail Hutton
RE/MAX Advantage
Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
SourceGreater Alabama MLS
MLS #21402932
Last Updated: 11/15/2024 23:11
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.