16 Red Fox Dr

Pelham, AL 35124
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4 bd, 3 ba | 3,019 sqft | Built in 1976

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List Price
$299,900

Initial Investment

$81,723

Purchase Price

$299,900

Down Payment

25%

Rent

$2,530

Total Return

$140,628

Annualized Return

24.1%

Cap Rate

7.6%

Gross Yield

10.1%

Cash Flow

$5,330

Appreciation

6.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Large family home on a private lot. Huge family room with vaulted ceilings, sun room, 3 bedrooms and 2 baths on main level, basement has a super large playroom/man cave, additional bedroom, full bath and laundry room. Terrific location, close to interstate, Oak Mountain State Park. Roof installed in 2016, hardwood floors on the main level. The home is being sold "As Is"

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NEIGHBORHOOD

SCHOOLS

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Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$28,842

Expenses

-$5,458

Property Taxes

-$1,750

Loan Payments

-$16,304

Net Cash Flow

$5,330

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:Peggy Honeycutt
Keller Williams Realty Vestavia
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21402954
Last Updated: 11/16/2024 03:11
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.