Welcome to 533 Midway St, Birmingham, AL 35228. A 3-bedroom, 1-bathroom home ,situated in the town of Midfield , Jefferson County. This house generated a stable rental income of $900 per month, making it an excellent investment.
Inside, you'll find an inviting eat-in kitchen and a convenient laundry room. The home boasts stunning hardwood floors throughout, complemented by tile in the bathroom. Recent updates include new interior paint, a refreshed bathroom, refinished hardwoods, and new siding in a modern color on the exterior.
The spacious, fenced backyard offers plenty of outdoor space for relaxation and activities, creating an ideal setting for tenants. This property exemplifies our commitment to providing high-quality rental homes that deliver consistent returns and tenant satisfaction. If you're looking for a solid, cash-flowing investment in a desirable location, this property is a fantastic choice!
The numbers behind the deal
- We bought the house on June 2020 for $55,000
- Renovation cost: None
- Sold the house on Oct 2020 for $70,000
- Total Rent Income: $3900
- Closing costs: $5,200
- Gross profit: $13,700
- Gross cash/cash: 25% in 5 months
