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Archived over 4 years ago

$20,000

2 bd 1 ba 1141 sqft

4057 Pringle Dr , Mobile, AL 36618

Residential SFR

Current Rent **

$700

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Posted By:

Rhen Bartlett

🚨IRBY DEAL🚨 2/1 Opportunity Mobile

https://irbyinvestmentproperties.com/property/4057-pringle-dr-mobile-al-36618/

House is a 2/1 but has an additional room that could serve as a bedroom- 12Ă—12. Beautiful Ponderosa pine walls make this home renter friendly. Workshop out back for storage or a handyman.

Original wooden windows, several sashes have been removed for window units, one cracked pane. There are about three joists are sagging but it doesn’t seem to be a huge deal. Gas stove hook-up, will need a stove. The water heater is gas and working well, owner does not remember the age. Roof put on in 2009. Exposed rafter beams make the house appear bigger than it is, workshop in the back yard. The seller wants to keep the fence in the yard.

Irby Price: $20,000
Est ARV: $30,000
Est Reno: $5,000
Est Rent: $700

YOU SHOULD INDEPENDENTLY VERIFY ALL FACTS, FIGURES, REPAIR ESTIMATES, ARV’S, RENTAL AMOUNTS, PROPERTY FEATURES, AND MEASUREMENTS. ALL PROPERTIES ARE SOLD AS-IS, WHERE-IS. IRBY LLC/Irby Home Buyers, LLC has an assignable purchase agreement or other ownership interest in the property above. We are investors exploring the possibility of assigning our purchase contract with the seller, selling our interest in the property or doing a double close transaction. All deals and offers are subject to IRBY LLC/Irby Home Buyers, LLC getting marketable title. Member and manager of IRBY LLC and IRBY Home Buyers, LLC is a licensed Alabama Real Estate Agent.

Location:

4057 Pringle Dr , Mobile, AL 36618

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.