3114 Old Dobbin Rd

Montgomery, AL 36116
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3 bd, 2 ba | 1,882 sqft | Built in 1975

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List Price
$210,000

Initial Investment

$57,225

Purchase Price

$210,000

Down Payment

25%

Rent

$1,440

Total Return

$48,596

Annualized Return

13.5%

Cap Rate

6.1%

Gross Yield

8.2%

Cash Flow

$827

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

14,140

HOA

None

Flood Risk

Not Required

You will love this cozy, well maintained 3 bedroom/2 bath brick home is a rare find that you are sure to fall in love with!! The long driveway leads you to the carport, with extra outside storage. There is an electricity wired detached storage building in the back yard that was used as a "man cave", or could be great for storing your lawn equipment and tools. The screened in patio/porch is big enough for a pool table, and has 2 ceiling fans to keep you cool regardless of the weather outside. A privacy fenced backyard, ideal for your family gatherings, with a Stainless Steel Gas Grill that is yours to keep! Enjoy decorating your formal living room and dining room, and the family room is complete with a wood burning fireplace for those cold nights. Eat in kitchen boosts upgrades such as high end "Granite Counter tops" and "Tile Back Splash", plenty of cabinet space and it even has a Pantry . Unblemished hardwood flooring puts a beautiful finish to the family room/den, kitchen, breakfast nook, laundry and hallway areas. Plantation Shutters, ceiling fans in every room, huge hall bathroom for guests, private bathroom in the main suite, plenty of closet space......and more!! This home's utilities are ALL ELECTRIC, so you get to save money too! Call today for your private touring!

See more in Analysis
Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309

Annual Financial Highlights

Expected Rent

$16,416

Expenses

-$2,922

Property Taxes

-$1,250

Loan Payments

-$11,417

Net Cash Flow

$827

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:Brian Nguyen
Agent License 0115399
JBN Realty
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceMontgomery Area AOR (MAAR MLS)
MLS #574472
Last Updated: 04/17/2025 11:04
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