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πŸ“ Birmingham, AL 35235 | Subject To | Entry $20k | 5.25% INT / MTG $222k

Jefferson County, Birmingham, AL, 35235
Sold
Listed at: May 21st, 2024
Price
$20,000
17 pictures, show all
Sq. Footage
1152
Type
Single-Family
Parking
Attached Garage
Year build
2000
Lot size
0.41 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

πŸ“ Birmingham, AL 35235

Subject To the Existing Mortgage

Entry Fee: $20,000 + CC + TC

 Total Purchase Price: $242,153.60

COE 06/28/2024

🏑 Property Details:

  • 3 BEDS
  • 2 BATHS
  • Mortgage Balance: $222,153.60  
  • Monthly PITI: $1,632.02
  • Rate: 5.25% Fixed
  • Maturity: 04/01/2052

  • Lender: Essex Mortgage

βš’οΈ Investment Considerations

Percentage of Entry Fee: 8.4%

  1. Current Rental Situation:

    • Tenant occupied at $1,595/month until March 2025.

  2. CoLiving Estimate:

    • 6 units (ideal for a 3 to 1 unit to bathroom ratio)
    • Rent of $170/week per unit
    • Gross Monthly Cashflow: $4,080

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Street View
Location
current deal
comparables
#2
 available
$123k
 sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Kevin Brooks

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