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$295,000

For Sale - Active
803 East St S, Talladega, AL 35160
4 Beds
0.0 Baths
3,078 Square Feet
0.00 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Apr 23, 2025 at 05:47AM

Investment Summary


Monthly Cash Flow
-$292
Cap Rate
4.5%
Cash-on-Cash Return
-5.2%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.0%

Property Description


0.00 Acres Lot
Built in 1977
For Sale - Active
Units n/a

Welcome to 803 East Street South – a classic four-sided brick home offering over 3,000 square feet of comfortable living space in the heart of Talladega. Recently updated with new flooring and fresh interior paint, this 4-bedroom, 3-bathroom home blends timeless construction with practical features for everyday comfort and security. Inside, you’ll find spacious living areas perfect for family gatherings and entertaining. Downstairs, a massive unfinished basement offers endless potential—ideal for a workshop, home gym, or future expansion. A built-in storm shelter adds peace of mind during severe weather. Don’t miss this opportunity to own a beautifully updated Talladega gem with room to grow and so much to offer!

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Location


Property Details


Parking

  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1308341008007.000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1-Story
  • Year Built: 1977

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Talladega

Listing Details


Listed by:
Patrick Jones
Keller Williams Pell City
(256) 375-8849

Source:
Greater Alabama MLS
MLS#: 21415878
Greater Alabama MLS

Investment Summary


Monthly Cash Flow
-$292
Cap Rate
4.5%
Cash-on-Cash Return
-5.2%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-1.0%

Purchase Details

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Purchase price:
$295,000
Amount financed:
-$236,000
Down payment:
$59,000
Closing costs:
$8,850
Rehab costs:
$0
Initial cash invested:
$67,850
Square feet:
3,078
Cost per square foot:
$96
Monthly rent per square foot:
$0.52

Financing Details

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Loan amount:
$236,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,396
Property tax:
$0
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,508

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (0%)
0%$0$0
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (0%)
0%$0$0
Total operating expenses: (25%)
25%-$400-$4,800

Cash Flow


Monthly Yearly
Net operating income:
$1,104 $13,248
Mortgage payments:
-$1,396 -$16,752
Cash flow:
$292 $3,504