309 Honeysuckle Dr

Millbrook, AL 36054
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3 bd, 3 ba | 1,501 sqft | Built in 1977

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List Price
$189,900

Initial Investment

$51,748

Purchase Price

$189,900

Down Payment

25%

Rent

$1,420

Total Return

$52,004

Annualized Return

16.0%

Cap Rate

6.9%

Gross Yield

9.0%

Cash Flow

$2,203

Appreciation

3.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,339

HOA

None

Flood Risk

Not Required

Welcome to this beautifully updated 3-bedroom, 2.5-bathroom home, where modern upgrades meet comfortable living. Step inside to find brand-new flooring and fresh paint throughout, creating a bright and inviting atmosphere. The heart of the home is the gorgeous kitchen, featuring sleek cabinetry and a stainless-steel stove and micro-hood (TO BE INSTALLED), perfect for all your cooking needs. The spacious living and dining areas provide plenty of room for entertaining and relaxing. Downstairs, you'll find the master suite along with the master bathroom and also a half-bathroom, both newly renovated. Upstairs, you'll find 2 well-sized bedrooms, each with ample closet space as well as the last bathroom, which also has been newly renovated, offering style and functionality for family or guests. This home is equipped with a brand-new roof, HVAC system, water heater, and upgraded attic insulation, ensuring year-round comfort and energy efficiency. Enjoy peace of mind with new windows that bring in natural light while improving insulation. Step outside to the fully fenced backyard, offering a private outdoor retreat- ideal for pets, play, or entertaining. With ALL these upgrades, this move-in-ready home is a must see! CALL YOUR FAVORITE REALTOR TODAY TO VIEW IT!!

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

Annual Financial Highlights

Expected Rent

$16,188

Expenses

-$2,881

Property Taxes

-$780

Loan Payments

-$10,324

Net Cash Flow

$2,203

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:Amee Carr
Agent License 0100869
Century 21 Southern Star
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceMontgomery Area AOR (MAAR MLS)
MLS #571852
Last Updated: 02/28/2025 18:02
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