404 Joseph Dr

Satsuma, AL 36572
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4 bd, 2 ba | 1,675 sqft | Built in 1997

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List Price
$275,000

Initial Investment

$74,938

Purchase Price

$275,000

Down Payment

25%

Rent

$1,980

Total Return

$117,245

Annualized Return

21.2%

Cap Rate

6.2%

Gross Yield

8.6%

Cash Flow

$1,104

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,246

HOA

$0/mo

Flood Risk

Not Required

Welcome to 404 Joseph St, a beautifully remodeled, move-in-ready ranch-style home located in a quiet, family-friendly neighborhood within walking distance of Robert E. Lee Elementary School. This single-story home offers peace of mind and easy maintenance with a new fortified roof, a slab foundation, and updates throughout. The fully remodeled kitchen is a chef’s dream, featuring newly refinished cabinets, quartz countertops, and stainless steel appliances. Modern lighting and fixtures, new LVP flooring in common areas, plush carpet in the bedrooms, and lots of natural light create a bright and welcoming atmosphere. Both bathrooms have been completely renovated with beautiful tile flooring and stylish finishes. Outdoor living is a breeze with covered carport parking, a spacious covered back porch and patio, a large fenced backyard, and a storage shed with electricity perfect for hobbies or extra storage. Additional updates include a new hot water heater, ensuring worry-free living for years to come. Don’t miss your chance to own this stunning home in a prime location—schedule your private showing today!

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

Annual Financial Highlights

Expected Rent

$22,572

Expenses

-$4,018

Property Taxes

-$2,500

Loan Payments

-$14,950

Net Cash Flow

$1,104

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:Maura McGraw
Maura McGraw
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGulf Coast MLS (GCMLS)
MLS #7507505
Last Updated: 01/20/2025 09:01
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