Condo Investment Properties in Homewood, AL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Homewood, AL

Property at 1701 Valley Ave APT C, Homewood, AL
Listed for sale 1 day ago
$ 210,000
ROI
30.4ROI percentage
Cash Flow/m
Dollar sign623
  • 2 Bed
  • 1 Bath
  • 972 sft
1701 Valley Ave APT C, Homewood, AL, 35209
Property at 3119 Lancaster Ct APT D, Homewood, AL
$ 235,000
ROI
28.1ROI percentage
Cash Flow/m
Dollar sign543
  • 2 Bed
  • 1 Bath
  • 925 sft
3119 Lancaster Ct APT D, Homewood, AL, 35209
Property at 1710 Valley Ave APT G, Homewood, AL
$ 129,900
ROI
31.8ROI percentage
Cash Flow/m
Dollar sign434
  • 1 Bed
  • 1 Bath
  • 810 sft
1710 Valley Ave APT G, Homewood, AL, 35209
Property at 1700 Valley Ave APT D, Homewood, AL
$ 165,000
ROI
27.7ROI percentage
Cash Flow/m
Dollar sign365
  • 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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