8309 4th Ave S
Birmingham, AL 35206
List Price
$205,000
Initial Investment
$55,863Purchase Price
$205,000
Down Payment
25%
Rent
$1,200
Total Return
$52,041
Annualized Return
13.6%
Cap Rate
4.8%
Gross Yield
7.0%
Cash Flow
-$1,750
Appreciation
5.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
8,250
HOA
None
Flood Risk
Not Required
Restored Historic Home in the Heart of East Lake w/original refinished hardwood floors. Natural light fills the space! This bright & inviting home is full of thoughtful renovations.The large bungalow-style front porch, 2 classic fireplaces & a charming paneled laundry room capture the essence of its Craftsman style. The modern, updated kitchen features elegant white granite countertops, brand new stainless appliances, lots of cabinetry and a spacious island with breakfast bar! Plus a HUGE walk-in pantry. The master suite is tucked at the back of the house for privacy has brand new bathroom & generous closet too! A side hallway separates the bedrooms from the main living areas. 2 additional bedrooms share an updated full hall bath. Key updates: Newer HVAC system, roof (2019), gutters, water supply lines, water heater & fresh interior/exterior paint. The fully fenced backyard offers privacy, a flat yard & an amazing storage shed w/ new roof & 2 rooms for multiple uses!
See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781
Annual Financial Highlights
Expected Rent
$13,680Expenses
-$2,435Property Taxes
-$1,850Loan Payments
-$11,145Net Cash Flow
-$1,750See 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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SourceGreater Alabama MLS
MLS #21404189
Last Updated: 12/04/2024 16:12
MLS #21404189
Last Updated: 12/04/2024 16:12