2309 East Rd
Mobile, AL 36693
List Price
$117,000
Initial Investment
$31,883Purchase Price
$117,000
Down Payment
25%
Rent
$1,080
Total Return
$61,470
Annualized Return
26.2%
Cap Rate
7.9%
Gross Yield
11.1%
Cash Flow
$2,281
Appreciation
7.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
29,751
HOA
None
Flood Risk
Not Required
Bank owned foreclosure sold as is where is. This 3/1 has a large yard with mature trees and back deck. Inside has real hardwood floors and a bonus room off the living, dining and kitchen area. All three bedrooms share a hallway and bath.
See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781
Annual Financial Highlights
Expected Rent
$12,312Expenses
-$2,570Property Taxes
-$1,100Loan Payments
-$6,361Net Cash Flow
$2,281See 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:Larinda Gann
RE/MAX Partners
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Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
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AL Brokerage License 000136617
SourceGulf Coast MLS (GCMLS)
MLS #7542248
Last Updated: 03/17/2025 17:03
MLS #7542248
Last Updated: 03/17/2025 17:03