This home has a Zestimate for $109,000, and while that doesn't always mean something, it could bode well for the appraisal on this one. This property is a rent ready cash flow property that we have just listed for the owner who did a massive renovation under our direction. It has excellent cash flow and nearly hits the 1% rule which is outstanding. There is a 3/2 HUD home that needs a $20,000 rehab to be in comparable condition under contract at 5814 Pinebrook Drive, Montgomery, AL 36117 and HUD was asking $99,000. This shows that this home with granite and a major renovation is a much better value comparatively.
This home has a huge yard, and is located in Montgomery East neighborhood which is a subdivision that cash flows well, has great comparable sales and a great deal of homes that have been renovated recently! This home has an open floor plan with a huge living room.
The renovation on this home has been extensive and includes a new roof on one side of the roof, and a few years old roof on the other side, a new hot water heater, newer toilets, modernized tub and showers, new flooring throughout, new lighting and paint, kitchen cabinets that were updated a few years ago and now have new granite and stainless undermount sink. The exterior has fresh paint, new doors and new shutters. This property should rent for $900-950 per month and should be an excellent cash flow, turn key, income producing property. The 3D Tour below is for a different house, and one for this home should be coming soon!