4008 SHELLY LN

MONTGOMERY, AL 36110
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3 bd, 1 ba | 1,370 sqft | Built in 1963

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List Price
$85,000

Initial Investment

$23,163

Purchase Price

$85,000

Down Payment

25%

Rent

$1,000

Total Return

$34,554

Annualized Return

24.0%

Cap Rate

9.9%

Gross Yield

14.1%

Cash Flow

$3,138

Appreciation

3.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,717

HOA

None

Flood Risk

Not Required

Welcome to this inviting home located on Shelly Ln in Montgomery. This property features three bedrooms and 1 bathroom, providing ample space for comfortable living. Enjoy a spacious living area appropriate for entertaining, a well-appointed kitchen with modern appliances, and a cozy dining space. The backyard offers a private retreat with plenty of room for outdoor activities. Conveniently located near local amenities and schools, this home is a great opportunity for those seeking a welcoming community. The property is currently occupied with a tenant. The tenant currently pays $925 monthly.

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

$11,400

Expenses

-$2,841

Property Taxes

-$800

Loan Payments

-$4,621

Net Cash Flow

$3,138

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:Steven Koleno
Agent License 3469487
Beycome Brokerage Realty
Certified Agent Brokerage:Michael Atkins
Harris & Atkins Real Estate LLC
AL Brokerage License 94525
SourceGreater Alabama MLS
MLS #21414135
Last Updated: 04/01/2025 20:04
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.