405 Depot St

Columbiana, AL 35051
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3 bd, 1 ba | 1,392 sqft | Built in 1967

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List Price
$150,000

Initial Investment

$40,875

Purchase Price

$150,000

Down Payment

25%

Rent

$1,390

Total Return

$72,908

Annualized Return

24.9%

Cap Rate

8.0%

Gross Yield

11.1%

Cash Flow

$3,026

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Well-loved home in the heart of Columbiana is ready for new owners to carry on the tradition. Enjoy an oversized living room with gas fireplace that easily flows into the kitchen and dining room. Newer appliances will make cooking a breeze in an efficient kitchen space. An oversized primary bedroom with sitting area will take all of your cares away. A cozy second bedroom, along with a third bedroom on the opposite end of the home allows plenty of space for all. Fresh paint throughout the home and plenty of storage! All you have to do is move in. Take advantage of the convenience to downtown Columbiana, shopping, schools, commuting, and so much more!

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

Annual Financial Highlights

Expected Rent

$15,846

Expenses

-$3,315

Property Taxes

-$1,350

Loan Payments

-$8,155

Net Cash Flow

$3,026

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:Lannette Thomas
RealtySouth-OTM-Acton Rd
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21401342
Last Updated: 11/11/2024 07:11
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