3704 Adair St NW

Huntsville, AL 35810
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4 bd, 2 ba | 2,060 sqft | Built in 1965

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List Price
$232,000

Initial Investment

$63,220

Purchase Price

$232,000

Down Payment

25%

Rent

$1,500

Total Return

$109,543

Annualized Return

22.1%

Cap Rate

5.4%

Gross Yield

7.8%

Cash Flow

-$797

Appreciation

8.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,197

HOA

None

Flood Risk

Not Required

With no HOA and a motivated seller relocating for work, this home offers incredible value, perfect for those seeking space, privacy, and convenience. The functional split-level design offers versatility for family living. On the main level you will find the large living room, eat in kitchen, 3 bedrooms and 2 baths. The lower-level boast a 4th bedroom as well as a large open room complete with a cozy fireplace, provides flexibility as a guest suite, home office, or bonus space. Enjoy the large fenced in lot from your covered deck off of the eat-in kitchen. Additional highlights include generous closet storage, a covered carport.

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NEIGHBORHOOD

SCHOOLS

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Mel Priess-AL
Roofstock Realty LLC
Agent License #000141516

Annual Financial Highlights

Expected Rent

$17,100

Expenses

-$3,044

Property Taxes

-$2,240

Loan Payments

-$12,613

Net Cash Flow

-$797

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

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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:Genice Rodgers
Agent License 143536
Market Group Real Estate
Certified Agent Brokerage:Mel Priess-AL
Roofstock Realty LLC
SourceHuntsville Area Association of Realtors
MLS #21879075
Last Updated: 01/19/2025 22:01
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