Great investment opportunity! This solid brick home was updated in October of 2023. This is a rental property that is currently tenant occupied and is currently rented for $1027/month. Cash flow from day 1! This property is being sold individually, but could potentially be included as part of a package of 3 to also include MLS #'s 7351172 (1907 Halls Mill) and 7351169 (621 Westwood).
Financials for the portfolio of 3:
Monthly Gross Rent (Yearly) - $3,077.00 ($36,924.00)
Monthly 2023 Taxes (Yearly) - $85.28 ($1,023.30)
Monthly Insurance Estimate (Yearly) - $440.79 ($5289.47)
Monthly Vacancy at 5% (Yearly) - $153.85 ($1846.20)
Monthly Maintenance at 10% (Yearly) - $307.70 ($3,077.00)
Monthly Property Management at 10% (Yearly) - $307.70 ($3,077.00)
Monthly NOI (Yearly) - $1,781.68 ($21,380.23)
Cap Rate - 8.73%
Rent/Price - 1.26%
All Information provided is deemed reliable but not guaranteed. Buyer or Buyer’s Agent to verify all information.
Property Type :
Residential
Subdivision :
Top Mobile
County :
Mobile
Style :
Residential
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ByOwner last updated this listing 05/11/2024 @ 12:15
MLS: 7351203
LISTED BY: Dylan Thomas, Revitalize Realty LLC
SOURCE: GCMLS2
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
