Condo Investment Properties for Sale in Homewood, AL
Listed for sale 7 days ago
$ 200,000
ROI
32.5
Cash Flow/m
712- 2 Bed
- 1 Bath
- 972 sft
1770 Valley Ave APT C, Homewood, AL, 35209
$ 110,000
ROI
27.5Cash Flow/m
236- 2 Bed
- 1 Bath
- 1026 sft
1741 Valley Ave #1741, Homewood, AL, 35209
$ 175,000
ROI
31.0Cash Flow/m
545- 2 Bed
- 1 Bath
- 864 sft
3449 Sandner Ct APT A, Homewood, AL, 35209
$ 165,000
ROI
26.9Cash Flow/m
330- 2 Bed
- 1 Bath
- 1046 sft
1771 Valley Ave APT A, 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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