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$330,000

For Sale - Active
3308 Brookview Trce, Hoover, AL 35216
4 Beds
0 Baths
2,047 Square Feet
0.00 Acres Lot
Built in 1987
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jul 01, 2025 at 03:04AM

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
$25
Cap Rate
5.8%
Cash-on-Cash Return
0.4%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.4%

Property Description


0.00 Acres Lot
Built in 1987
For Sale - Active
Units n/a

Your future as a homeowner just got brighter! Tired of landlord rules or surprise maintenance? HVAC giving up? Water heater making spooky noises? This isn't just a house; it's a turn-key dream in a perfect location with great school systems and minutes from everything you need! While some spaces offer cozy charm, the big-ticket items are covered! TWO BRAND NEW HVACs are being installed by the seller! Plus, new appliances (never used!), new fixtures, a water heater under 5 years old, and a solid 10-year-young roof. The owner added a charming front porch and a spacious back porch with new concrete—perfect for relaxing. For your furry friend, it's walking distance to a fantastic dog park with walking trails! This isn't just a move; it's a lifestyle transformation. Settle in, relax, and make memories without the immediate stress of major system replacements. Schedule a showing and fall in love! Your future self (and happy pup!) will thank you for finding your perfect home!

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Location


Property Details


Parking

  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Foundation: Slab
  • Roof Type: Gable or Hip

Land Information

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

Lot Information

  • Parcel ID: 4000053009003.000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1.5-Story
  • Year Built: 1987

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central, Natural Gas
  • Cooling: Central Air

Location

  • County: Jefferson

Listing Details


Listed by:
Kevin Owenby
Keller Williams Realty Vestavia
(205) 862-8978

Source:
Greater Alabama MLS
MLS#: 21417988
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
$25
Cap Rate
5.8%
Cash-on-Cash Return
0.4%
Debt Coverage Ratio
1.02
Internal Rate of Return (5 years)
4.4%

Purchase Details

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Purchase price:
$330,000
Amount financed:
-$264,000
Down payment:
$66,000
Closing costs:
$9,900
Rehab costs:
$0
Initial cash invested:
$75,900
Square feet:
2,047
Cost per square foot:
$161
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$264,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,562
Property tax:
$0
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,723

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$575-$6,900

Cash Flow


Monthly Yearly
Net operating income:
$1,587 $19,044
Mortgage payments:
-$1,562 -$18,744
Cash flow:
$25 $300