1516 30th St N
Birmingham, AL 35234
List Price
$198,000
Initial Investment
$53,955Purchase Price
$198,000
Down Payment
25%
Rent
$1,180
Total Return
$65,610
Annualized Return
16.8%
Cap Rate
4.9%
Gross Yield
7.2%
Cash Flow
-$1,507
Appreciation
6.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
5,760
HOA
None
Flood Risk
Not Required
Welcome to Historic Norwood! This home, built in 1930, combines an inviting blend of original architecture and thoughtful updates–including an en suite primary bedroom. The updated kitchen features granite countertops, stainless appliances, ample cabinetry, and large windows that fill the space with natural light. Gorgeous wood floors run throughout, adding warmth and character. Hardie Plank exterior siding, a large deck, metal roof, newer windows, and HVAC (2021) are major recent updates. The home is located just two blocks from Norwood Boulevard–great for strolling–and one mile from Uptown Birmingham, Topgolf, Protective Stadium, and the new Coca-Cola Amphitheater, which is set to host its first concert in June 2025. Don't miss your chance to own a move-in ready piece of Norwood history for less than $200,000.
See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781
Annual Financial Highlights
Expected Rent
$13,452Expenses
-$2,394Property Taxes
-$1,800Loan Payments
-$10,764Net Cash Flow
-$1,507See 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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SourceGreater Alabama MLS
MLS #21412517
Last Updated: 03/15/2025 00:03
MLS #21412517
Last Updated: 03/15/2025 00:03