5501 Belrosa Ter

Fairfield, AL 35064
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3 bd, 1.5 ba | 1,209 sqft | Built in 1937

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List Price
$99,500

Initial Investment

$27,114

Purchase Price

$99,500

Down Payment

25%

Rent

$900

Total Return

$45,493

Annualized Return

23.5%

Cap Rate

7.6%

Gross Yield

10.9%

Cash Flow

$1,602

Appreciation

6.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,450

HOA

None

Flood Risk

Not Required

Income producing property! This 3 bedroom & 1 full bathroom home is already tenant occupied. Home features enclosed front porch, large living & dining room with hardwood floors. The kitchen was previously updated with new cabinets, vinyl plank flooring, & butcher block counter tops. The 3 bedrooms all feature hardwood floors. There is a primary bedroom with a half bath. The other 2 bedrooms share the full hall bathroom with a tub/shower combo. Flat backyard. New HVAC system & all new ductwork. Great turnkey rental property!

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NEIGHBORHOOD

SCHOOLS

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Benjamin Hedden
Bham Realty
AL Agent License #000123781

Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,119

Property Taxes

-$1,130

Loan Payments

-$5,409

Net Cash Flow

$1,602

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:Amanda Dabbs
RealtySouth-MB-Crestline
Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
SourceGreater Alabama MLS
MLS #21400758
Last Updated: 10/22/2024 05:10
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