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Archived over 3 years ago

$64,900

2 bd 1 ba 954 sqft

8204 Rugby Ave, Birmingham, AL 35206

Residential SFR Occupied Off MLS

Current Rent **

$650

Projected Rent **

$650

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Section 8 Property 100% paid- Birmingham, AL 2/1

Features/Condition:

- Property is leased with a good tenant with no late payment history. $650/month rent, 100% paid through Section 8. The current lease term expires 11/30/21
- Property has been professionally managed since the current owner’s purchase
- Property has been kept in good condition with little ongoing maintenance required. There is no known deferred maintenance required at this time
- The last rehab was in September 2020 during tenant turnover
- Upgrades/replacements performed in the last few years:
o New combo HVAC unit installed in 2020
o The electrical service has been completed replaced/upgraded in 2019, including a new 200 Amp panel, breaker boxes, and writing throughout
o New water heater unit installed in 2015

Jeremy Galloway- Brokered by eXp Realty LLC Central has exclusive right to sell this property. Only Principle Buyers on this property. Seller to select title and closing. Rent Rolls and interior photos are available by request. Please do not disturb tenants, access is granted after the accepted contract.

Location:

8204 Rugby Ave, 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.