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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Homewood, AL
Listed for sale 3 days ago
$ 345,000
ROI
25.3
Cash Flow/m
529- 2 Bed
- 2 Bath
- 1114 sft
1040 Broadway Park Unit 305, Homewood, AL, 35209
$ 199,900
ROI
25.3Cash Flow/m
307- 2 Bed
- 2 Bath
- 963 sft
3416 Sandner Ct APT D, Homewood, AL, 35209
$ 210,000
ROI
30.4Cash Flow/m
623- 2 Bed
- 1 Bath
- 972 sft
1701 Valley Ave APT C, Homewood, AL, 35209
$ 164,500
ROI
27.8Cash Flow/m
368- 2 Bed
- 1 Bath
- 972 sft
1700 Valley Ave APT D, Homewood, AL, 35209
Why Invest in Homewood, Alabama?
Investing in condos in Homewood, AL, presents a unique opportunity for steady returns. The area boasts a rental yield of approximately 7%, making it attractive for real estate investors seeking consistent cash flow. With an average cap rate of around 5.5%, investors can expect reasonable appreciation rates and a vibrant rental market, with 55% of housing occupied by renters.
8%
Avg. ROI
7%
Rental Yield
5.5%
Cap Rate
$1200/mo
Avg. Cash Flow
$1600/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rent for condos in Homewood, AL, is approximately $1,600 per month. This rate reflects the demand for rental properties in the area.
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