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$215,000

For Sale - Active
2701 10th St NE, Center Point, AL 35215
3 Beds
0 Baths
1,629 Square Feet
0.00 Acres Lot
Built in 1958
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Jun 13, 2025 at 03:48AM

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
-$160
Cap Rate
5.4%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.2%

Property Description


0.00 Acres Lot
Built in 1958
For Sale - Active
Units n/a

This beautifully remodeled home offers 3 bedrooms and 2 bathrooms, featuring modern updates throughout. The home boasts a newer roof & windows, new HVAC system, and new flooring for a fresh, contemporary feel. The updated kitchen is a chef’s dream, with new cabinets, quartz countertops, a ceramic tile backsplash, and updated appliances and lighting. Both bathrooms have been fully renovated to provide a luxurious experience. Enjoy outdoor living with a new deck and an updated garage door. Zoned for Clay Chalkville Schools and conveniently located near shopping in Trussville, this home is just 15 miles from downtown Birmingham. Don’t miss out on this move-in ready gem!

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Location


Property Details


Parking

  • Details: Off Street
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 0
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Type: Gable or Hip

Land Information

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

Lot Information

  • Parcel ID: 1200083011004.000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1-Story
  • Year Built: 1958

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric, Heat Pump
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Jefferson

Listing Details


Listed by:
Jeremy Miller
Local Realty
(205) 451-3044

Source:
Greater Alabama MLS
MLS#: 21413268
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
-$160
Cap Rate
5.4%
Cash-on-Cash Return
-3.9%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.2%

Purchase Details

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Purchase price:
$215,000
Amount financed:
-$172,000
Down payment:
$43,000
Closing costs:
$6,450
Rehab costs:
$0
Initial cash invested:
$49,450
Square feet:
1,629
Cost per square foot:
$132
Monthly rent per square foot:
$0.86

Financing Details

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Loan amount:
$172,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,126
Property tax:
$0
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,224

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$350-$4,200

Cash Flow


Monthly Yearly
Net operating income:
$966 $11,592
Mortgage payments:
-$1,126 -$13,512
Cash flow:
$160 $1,920