524 Belmar Dr

Birmingham, AL 35215
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3 bd, 2 ba | 1,509 sqft | Built in 1956

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List Price
$184,900

Initial Investment

$50,385

Purchase Price

$184,900

Down Payment

25%

Rent

$1,250

Total Return

$70,047

Annualized Return

19.1%

Cap Rate

5.7%

Gross Yield

8.1%

Cash Flow

-$109

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,575

HOA

None

Flood Risk

Not Required

**SPECIAL OFFER: Seller will pay 2 year buydown- rate at 4.75% with select lender. More details upon request. This home is a must see. Revonated inside and out. Both bathrooms updated and look amazing. The kitchen has new tile, cabinets, and granite tops. All new flooring and paint. Call your agent today to see this one. Some photos are virtually staged to show the home's true potential.

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SCHOOLS

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

Annual Financial Highlights

Expected Rent

$14,250

Expenses

-$2,536

Property Taxes

-$1,770

Loan Payments

-$10,052

Net Cash Flow

-$109

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:Michael Bryant
Kelly Right Real Estate of Ala
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21404716
Last Updated: 12/12/2024 01:12
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.