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$239,900

Under Contract
110 Adams Ave W, Oneonta, AL 35121
3 Beds
0 Baths
1,886 Square Feet
0.00 Acres Lot
Built in 1948
Under Contract
Units n/a
Checked: 5 hours ago
Updated: Jun 17, 2025 at 03:06AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$14
Cap Rate
6.2%
Cash-on-Cash Return
-0.3%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.7%

Property Description


0.00 Acres Lot
Built in 1948
Under Contract
Units n/a

Welcome to this beautifully renovated home located on two lots in the heart of Oneonta. Not only is the house wonderful, but it is within walking distance to the charming Downtown area. This 3 bedroom, 2 bath home has been updated from top to bottom. Right when you walk in there is a bright and inviting family room where the focal point is the granite fireplace. The kitchen has all new appliances, countertops and cabinets, The main level features 3 bedrooms and an updated bath. There is a large laundry room, a mudroom conveniently located on the main level. Enjoy the sunroom that leads out to a screened in porch, and an open deck overlooking a spacious back year. Downstairs is a full bath, and a large room that can be finished out. Outside is a large workshop with electricity, You don't want to miss this fabulous home. New HVAC in 2021.

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Location


Property Details


Parking

  • Description: Attached, Driveway Parking, Front
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable or Hip

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1609313005024
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 2+ Story
  • Year Built: 1948

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Blount

Listing Details


Listed by:
Leda Mims
ARC Realty - Hoover
(205) 243-4599

Source:
Greater Alabama MLS
MLS#: 21406965
Greater Alabama MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$14
Cap Rate
6.2%
Cash-on-Cash Return
-0.3%
Debt Coverage Ratio
0.99
Internal Rate of Return (5 years)
3.7%

Purchase Details

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Purchase price:
$239,900
Amount financed:
-$191,920
Down payment:
$47,980
Closing costs:
$7,197
Rehab costs:
$0
Initial cash invested:
$55,177
Square feet:
1,886
Cost per square foot:
$127
Monthly rent per square foot:
$0.95

Financing Details

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Loan amount:
$191,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,256
Property tax:
$0
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,382

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$450-$5,400

Cash Flow


Monthly Yearly
Net operating income:
$1,242 $14,904
Mortgage payments:
-$1,256 -$15,072
Cash flow:
$14 $168