223 Longbrook Dr

Montgomery, AL 36110
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3 bd, 1 ba | 1,025 sqft | Built in 1970

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List Price
$114,500

Initial Investment

$31,201

Purchase Price

$114,500

Down Payment

25%

Rent

$920

Total Return

$30,335

Annualized Return

15.5%

Cap Rate

6.9%

Gross Yield

9.6%

Cash Flow

$1,174

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,538

HOA

None

Flood Risk

Not Required

Cute as a button! This 3 bedroom/1 bath home is move-in ready. Completely renovated, just bring your furniture. Smart home, featuring new LED recess lights, new flooring, paint, light fixtures, vanity, tub, appliances and doors. Enjoy the private large backyard that’s fully fenced. Added cement for your grill and patio furniture. Call today for your private viewing.

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

$10,488

Expenses

-$2,039

Property Taxes

-$1,050

Loan Payments

-$6,225

Net Cash Flow

$1,174

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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Similar Listings



Listing Courtesy of:CeCe Savage
Agent License 0100588
Garth Realty Group, LLC.
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #572403
Last Updated: 03/16/2025 15:03
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.