Condo Investment Properties in Hoover, 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 Hoover, AL

Property at 3101 Lorna Rd Unit 1824, Hoover, AL
Listed for sale 3 days ago
$ 112,000
ROI
26.6ROI percentage
Cash Flow/m
Dollar sign214
  • 1 Bed
  • 1 Bath
  • 640 sft
3101 Lorna Rd Unit 1824, Hoover, AL, 35216
Property at 301 Gables Dr, Hoover, AL
$ 132,000
ROI
27.4ROI percentage
Cash Flow/m
Dollar sign279
  • 1 Bed
  • 2 Bath
  • 908 sft
301 Gables Dr, Hoover, AL, 35244
Property at 2812 Georgetown Dr Unit 1515, Hoover, AL
$ 109,000
ROI
27.3ROI percentage
Cash Flow/m
Dollar sign228
  • 1 Bed
  • 1 Bath
  • 640 sft
2812 Georgetown Dr Unit 1515, Hoover, AL, 35216
Property at 504 Riverhaven Pl #504, Hoover, AL
$ 249,500
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign252
  • 2 Bed
  • 2 Bath
  • 1160 sft
504 Riverhaven Pl #504, Hoover, AL, 35244

Why Invest in Hoover, Alabama?

Investing in condos in Hoover, AL, offers an attractive opportunity with a focus on stable returns. The area's rental properties exhibit an average cap rate of around 7%, along with a rental yield of approximately 8%. With increasing demand and an appreciation rate of 3% over the past few years, Hoover is an ideal location for real estate investors seeking reliable income streams.

12%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$150/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rent for condos in Hoover, AL, is around $1,200 per month. This pricing reflects the area's growing demand and favorable living conditions.

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