1005 LOUISE AVE

MOBILE, AL 36609
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3 bd, 2 ba | 1,663 sqft | Built in 1997

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List Price
$200,220

Initial Investment

$54,560

Purchase Price

$200,220

Down Payment

25%

Rent

$1,860

Total Return

$85,742

Annualized Return

23.0%

Cap Rate

8.0%

Gross Yield

11.1%

Cash Flow

$4,239

Appreciation

5.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,579

HOA

None

Flood Risk

Not Required

VALUE RANGE MARKETING: SELLER WILL ENTERTAIN OFFERS BETWEEN $200,000 AND $220,000. THE LOWER AND UPPER VALUE RANGES OF THE CURRENT MARKET. Welcome to this charming brick home in the popular Pinehurst Subdivision! As you step through the front door, you'll be greeted by beautiful engineered hardwood floors that flow through the main living areas. The spacious living room features a wood burning fireplace, bookshelves, and built in surround sound that's perfect for both relaxing and entertaining. The master suite offers a spacious room, tray ceiling, and a private en-suite bathroom with a large soaking tub, separate shower, two walk in closets, vaulted ceiling, and a dual sink vanity! Two additional generously sized bedrooms down the hall provide ample space for an office space, family, or guests. Step outside to a fenced backyard, 12x12 storage shed, and a gas grill on the patio. This home is nestled in a convenient neighborhood with sidewalks, offering easy access to local amenities, shopping, and dining options, while maintaining a peaceful, residential feel. Don't miss the chance to make this exceptional property your own, call your agent today for your personal tour! Please make sure to verify all measurements as buyer and buyer's agent do not guarantee.

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

Annual Financial Highlights

Expected Rent

$21,204

Expenses

-$4,230

Property Taxes

-$1,850

Loan Payments

-$10,885

Net Cash Flow

$4,239

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:Lindsey Mcfall
Keller Williams Mobile
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGulf Coast MLS (GCMLS)
MLS #7544305
Last Updated: 03/27/2025 22:03
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.