1649 1st St NE

Center Point, AL 35215
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3 bd, 2 ba | 1,379 sqft | Built in 2007

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List Price
$185,000

Initial Investment

$50,413

Purchase Price

$185,000

Down Payment

25%

Rent

$1,240

Total Return

$69,931

Annualized Return

19.1%

Cap Rate

5.7%

Gross Yield

8.0%

Cash Flow

-$138

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

18,963

HOA

None

Flood Risk

Not Required

Welcome to 1649 1st St NE in Centerpoint! This move-in-ready gem, built in 2007, sits on a spacious 0.47-acre corner lot. Featuring 3 bedrooms, 2 full baths, and a convenient laundry room with washer, dryer, and refrigerator included, this home has everything you need for comfortable living. The property boasts a detached garage with an unfinished loft that’s equipped with electricity and lighting, plus an upper deck that adds versatile space for storage or future projects. Outside, enjoy a back deck perfect for relaxation, along with a handy storage shed. Don’t miss this great opportunity to call this wonderful space your new home!

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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

$14,136

Expenses

-$2,516

Property Taxes

-$1,700

Loan Payments

-$10,058

Net Cash Flow

-$138

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:Jana Clark
LAH - Hoover Branch
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21401854
Last Updated: 11/03/2024 00:11
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.