Eight Mile AL Investment Property…50%+ Return 1st Year For Sale

  • $12,000
  • 4 beds
  • 2 baths
  • 1458 sqft

Perfect Eight Mile AL Investment Property Deal…50%+ return 1st Year w/$25,000 in Equity

Subject To Opportunity!!!  This is a perfect Eight Mile AL Investment Property Deal! Looking for investor to take over monthly payments of $792 a month.  This will generate passive income and has great potential for a rent-to-own landlord in Eight Mile and Mobile AL area.  Please don’t disturb owner!

The house was built in 2003 and purchased by the home owner back in 2007 with a fixed rate mortgage and purchase price of $111,000. Overall, the homeowner has taken good care of the house and it only requires minor repairs due to normal wear and tear over the last 11 years. If you are looking for a great rent-to-own property to add to your Eight Mile AL Investment Property portfolio then this is it! Let us know if you are interested and we can setup a time to view the property if you are a serious buyer!

With a $5,000 rent-to-own fee,  make a 50%+ return on your cash investment in the 1st year with $25,000 in Equity!

Estimated rent is $1,000.

House needs $1,500 in repairs to make rent ready

11 years into 30 yr fixed rate loan

After Repair Value (ARV): $110,000

~$85k remaining balance

~$9k payment to bring loan current

Must get deal closed ASAP!!!

Contact us for more information!!!

 

 

 

Price:
$12,000
Address:
2505 HERMAN B TOWNER ST
Eight Mile, AL 36613
Square Feet:
1458
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
2003
Basement:
N/A
Const. Type:
Brick

Additional Features

Quiet, Family-Oriented Neighborhood; Will make a great family rental!

Call 757-699-4447 for more details

Property Location