378 W DELANO AVE

MONTGOMERY, AL 36105
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3 bd, 1 ba | 918 sqft | Built in 1950

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List Price
$62,900

Initial Investment

$17,140

Purchase Price

$62,900

Down Payment

25%

Rent

$850

Total Return

$29,447

Annualized Return

27.8%

Cap Rate

11.2%

Gross Yield

16.2%

Cash Flow

$3,053

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,398

HOA

None

Flood Risk

Not Required

You will love this beautiful home. It offers a lot of space for car parking and the large backyard is great for entertaining. This home has fresh paints throughout, new carpet, and ready to move in. It is convenient to Hwy 80, I-65 and I-85, shops, hospitals and restaurants. This home would be a great first-time home investment or could be a great performer to add to your investment portfolio. Call for your private showing appointment today. The house sold "AS-IS" " Where Is"

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

$9,690

Expenses

-$2,618

Property Taxes

-$600

Loan Payments

-$3,420

Net Cash Flow

$3,053

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: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 #574259
Last Updated: 04/11/2025 12:04
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.