5716 CREEL RD

THEODORE, AL 36582
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4 bd, 3 ba | 2,100 sqft | Built in 2000

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List Price
$259,000

Initial Investment

$70,578

Purchase Price

$259,000

Down Payment

25%

Rent

$2,040

Total Return

$118,606

Annualized Return

22.9%

Cap Rate

6.8%

Gross Yield

9.5%

Cash Flow

$2,581

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

653,400

HOA

None

Flood Risk

Not Required

Awesome location for 15 wooded and very private acres with a huge Double Wide Mobile with 4 bedrooms & 3 full baths. Perfect spot for you to have a mini farm or to split the property up in to three 5 acre parcels for your family or to sell off as an investment. Keep 5 acres with the Mobile Home for yourself. Property has several out buildings. Including a couple of large storage sheds and a detached carport. Has a large covered front porch & covered back porch. Home sits far off the road for privacy with huge oak trees adding shade for the home site. There is a a spot on the property that could with permitting be made into a nice small pond site. Home owner is currently doing some remodeling. There is a tub in one of the bathrooms being replaced with a stand up shower. There is also an office being added to the Master bedroom area so someone could easily work from home with privacy. Want some place you can have chickens, this is the place for you. Set up nicely with an awesome chicken coup. The chickens can remain with the property if the new buyer would like. If not the seller can take them at closing. Property is very private and secure with a tall chain link fence across the front of the property. Just a few minutes to shopping and to I-10 for quick commutes to either Downtown Mobile or to Mississippi. One or more of the sellers are a licensed Real Estate Agent

See more in Analysis
Benjamin Hedden
Bham Realty
AL Agent License #000123781

Annual Financial Highlights

Expected Rent

$23,256

Expenses

-$4,245

Property Taxes

-$2,350

Loan Payments

-$14,081

Net Cash Flow

$2,581

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:Kennon Henderson
Elite Real Estate Mobile
Certified Agent Brokerage:Benjamin Hedden
Bham Realty
AL Brokerage License 000136617
SourceGulf Coast MLS (GCMLS)
MLS #7554886
Last Updated: 04/12/2025 20:04
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