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Archived almost 2 years ago

$110,000

3 bd 1 ba 1435 sqft

520 80th Place S, Birmingham, AL 35206

Residential SFR Occupied

Current Rent **

$975

Projected Rent **

$1,100

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Cash Flowing Turnkey SFR in Birmingham, AL

Great turnkey investment property with a Section 8 tenant paying $975/month. The long-term lease is good until November 2023.

Option to increase the rent to over $1,100/month with approval through Section 8. There is existing property management in place, so you can start collecting income from day 1.

Many upgrades completed over the last few years:

- Kitchen, living room and hallway fully re-done in 2022, including new flooring, ceiling, cabinets, countertops, fixtures and paint throughout
- The electrical service has been completed replaced/upgraded in 2022, including new 200 amp panel, breaker boxes and writing throughout
- New main water supply line installed in 2022
- New combo HVAC unit installed in 2021
- Roof was partially replaced in 2019
- New water heater unit installed in 2016

This won't last long, so if you're interested, contact Jeremy Galloway ASAP:

Jeremy Galloway
[email protected]
205-605-9432

Location:

520 80th Place S, Birmingham, AL 35206

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.