Must Sell! Turn-Key SFH $778 rental in Alabama 3/1/1,346 $48,880 13% Cap Rate!

[Thomas Malone]

I was going to keep this in my portfolio as long-term cash-flowing rental but a reorganization at my company has eliminated my position and I now need cash until I have settled into a new job.  The hard-money loan is coming due and I can't refinance into long-term bank financing without a job.  It seems my only exit is to sell and sell fast!

This solid, 1,346 sq. ft., 3 bed, 1 bath house was completely updated last Nov. Refinished real hard wood floors, 25-year Allure vinyl flooring added in kitchen and bath, all new plumbing, AC unit, all fixtures, faucets, interior paint, many more upgrades. Property management is in place. Tenant is approved for $778 monthly rent on section 8. Here's the MLS listing: Just renovated rental SFH at 13% Cap rate

Annually: $9,336 rents, $672 insurance, $836 taxes, $934 property mgmt, 13% cap rate!

Zestimate: $49,242, Estimated comps $57,375, Tax value: $59,100, Sale only $48,880