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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Hoover, AL
$ 108,000
ROI
28.1
Cash Flow/m
249- 1 Bed
- 1 Bath
- 640 sft
3101 Lorna Rd Unit 1714, Hoover, AL, 35216
$ 115,000
ROI
26.8Cash Flow/m
225- 1 Bed
- 1 Bath
- 640 sft
3101 Lorna Rd Unit 1813, Hoover, AL, 35216
$ 110,000
ROI
28.1Cash Flow/m
254- 1 Bed
- 1 Bath
- 640 sft
3101 Lorna Rd Unit 1723, Hoover, AL, 35216
$ 112,000
ROI
26.6Cash Flow/m
214- 1 Bed
- 1 Bath
- 640 sft
3101 Lorna Rd Unit 1824, Hoover, AL, 35216
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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