400 11th Ave

Midfield, AL 35228
image0

5 bd, 3 ba | 2,607 sqft | Built in 1964

slider image
slider image
slider image

Favorite

List Price
$175,000

Initial Investment

$47,688

Purchase Price

$175,000

Down Payment

25%

Rent

$1,290

Total Return

$57,529

Annualized Return

17.7%

Cap Rate

6.3%

Gross Yield

8.8%

Cash Flow

$974

Appreciation

5.4%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

20,700

HOA

None

Flood Risk

Not Required

This quiet neighborhood with well manicured yards is only a stones throw away from Birmingham's favorite attractions and major hospitals. This is Midfield's "Best Kept Secret" & a "Diamond in the Rough". This Gem won't last for long. A must see spacious all brick home with 4 bedrooms and 3 bathrooms. Kitchen cabinets and countertops recently updated. Brand new LVP flooring recently installed. The entire home has been freshly painted. The downstairs level has a large basement/bonus area that has been converted to 1 bedroom with room for possibly an additional bedroom. Full bath and den area. A perfect in-law suite. Roof has transferable warranty, new stainless steel double oven and gas water heater.

MARKETS

View Stats

NEIGHBORHOOD

SCHOOLS

See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$14,706

Expenses

-$2,618

Property Taxes

-$1,600

Loan Payments

-$9,514

Net Cash Flow

$974

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.
View Options

Similar Listings



Listing Courtesy of:Melissa Powe
RealtySouth-I459 Southwest
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21401677
Last Updated: 11/15/2024 07:11
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.