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$160,000

For Sale - Active
416 Woodland Ct NE, Center Point, AL 35215
3 Beds
0 Baths
1,858 Square Feet
0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Jun 13, 2025 at 03:40AM

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
$347
Cap Rate
8.3%
Cash-on-Cash Return
11.3%
Debt Coverage Ratio
1.46
Internal Rate of Return (5 years)
15.0%

Property Description


0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a

BACK ON MARKET AT NO FAULT TO THE SELLERS! Convenient to Center Point, Clay and Trussville amenities, this 3-bedroom, 2-bathroom home has more to offer than just the quiet cul-de-sac that it is located in. There's a storage building in the backyard that previously had power run to it that could be easily converted back into a greenhouse or shed. Lots of extra square footage in the basement for a home office or den area. Water Heater replaced in March 2025. Roof replaced in August 2023. AC condenser unit replaced in August 2018. Contact your agent for a showing today!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Partial, Finished

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 1200172004025.000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 2+ Story
  • Year Built: 1971

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Jefferson

Listing Details


Listed by:
Ethan Jett
Keller Williams Metro South
(205) 420-9860

Source:
Greater Alabama MLS
MLS#: 21413520
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
$347
Cap Rate
8.3%
Cash-on-Cash Return
11.3%
Debt Coverage Ratio
1.46
Internal Rate of Return (5 years)
15.0%

Purchase Details

Find an Agent

Purchase price:
$160,000
Amount financed:
-$128,000
Down payment:
$32,000
Closing costs:
$4,800
Rehab costs:
$0
Initial cash invested:
$36,800
Square feet:
1,858
Cost per square foot:
$86
Monthly rent per square foot:
$0.86

Financing Details

Find a Lender

Loan amount:
$128,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$757
Property tax:
$0
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$869

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$400-$4,800

Cash Flow


Monthly Yearly
Net operating income:
$1,104 $13,248
Mortgage payments:
-$757 -$9,084
Cash flow:
$347 $4,164