4611 Cherry Tree Ter
Montgomery, AL 36106
List Price
$180,000
Initial Investment
$49,050Purchase Price
$180,000
Down Payment
25%
Rent
$1,250
Total Return
$39,139
Annualized Return
12.6%
Cap Rate
5.9%
Gross Yield
8.3%
Cash Flow
$233
Appreciation
3.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,186
HOA
$4/mo
Flood Risk
Not Required
Welcome to 4611 Cherry Tree Terrace, located in the desired neighborhood of Young Place. As you enter and stand in the foyer of this cozy patio home, to the right is the 1st of 3 bedroom (currently being used as a formal dining room). The family room boasts tall, vaulted ceilings, a fireplace for those cold winter nights and large bay windows to let in lots of sunshine. Enjoy your morning coffee on the side deck off the kitchen breakfast nook or the private, secluded patio off the master suite. The beauty garden in the fenced in backyard offers you peace and serenity. So, call your favorite Realtor today and schedule your private viewing.
See more in Analysis
Michael Atkins
Harris & Atkins Real Estate LLC
AL Agent License #87309
Annual Financial Highlights
Expected Rent
$14,250Expenses
-$2,581Property Taxes
-$1,650Loan Payments
-$9,786Net Cash Flow
$233See 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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SourceMontgomery Area AOR (MAAR MLS)
MLS #565997
Last Updated: 01/19/2025 18:01
MLS #565997
Last Updated: 01/19/2025 18:01