1512 Flamingo Ln

Montgomery, AL 36116
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4 bd, 2 ba | 1,536 sqft | Built in 1961

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List Price
$117,000

Initial Investment

$32,883

Purchase Price

$117,000

Down Payment

25%

Rent

$1,125

Total Return

$36,846

Annualized Return

18.1%

Cap Rate

8.1%

Gross Yield

11.5%

Cash Flow

$2,490

Appreciation

3.8%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Lot Size

12,680

HOA

None

Flood Risk

Not Required

This POWERFUL, newly renovated home is ready to become a new part of your investment income efforts and can be added to your portfolio!! With a beautiful architectural shingle roof, 4 bedrooms and 2 baths, new shower faucet in the bathrooms, brand new AC unit (inside and outside) and heat, new hot water heater, new white stove, new vinyl plank flooring all throughout the house and a new 1 year lease with a great tenant and rent is $1125/month. This property is being managed by a professional property management company.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$12,825

Expenses

-$3,361

Property Taxes

-$614

Loan Payments

-$6,361

Net Cash Flow

$2,490

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:Michael Stroup
Harris And Atkins Real Estate
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #529702
Last Updated: 12/13/2022 10:12
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.