🏠 Rent-Ready 3BR in Montgomery – Just $59,900!

This 3-bedroom, 2-bath home sits at the end of a quiet street on a spacious 0.4-acre lot in Montgomery. With updated bathrooms, strong systems, and minimal work needed, it’s a great option for rental investors or anyone looking for a light-turn project.

📌 Property Highlights:

3 Bedrooms / 2 Bathrooms

1,344 Sq Ft | Built in 1960

Lot Size: 0.4 Acres

Metal Roof: 10 years old

HVAC: Trane unit (2019)

Kitchen: Open layout with laminate counters and bar to living room

Bathrooms: Fully updated with new tile and vanities

Flooring:

Large tile in main areas – good condition

Carpet in part of living room and bedrooms (suggested replacement)

Interior Paint: Recently done, minor touch-up needed

Exterior: Covered front porch, large backyard (needs clearing)

Utilities currently off

🛠️ Repairs Needed:

Touch-up paint on 1 wall
Carpet replacement in bedrooms & partial living area

Estimated Repairs: ~$2,000
As Close to Rent-Ready As It Gets!

This deal is low effort, low risk, and ready to cash flow. Whether you plan to buy and hold or make quick updates and resell, this property is well-positioned for your next move.

Contact: Lanier @ 334-201-0507 with questions, offers, or to schedule a showing.

Rental Estimate: $1,200/month

Total All-In Estimate: ~$67,000 (purchase + repairs + closing)

Gross Annual Rent: $14,400
Estimated Expenses: ~$3,600/year
Net Income: ~$10,800/year
Net Monthly Cash Flow: ~$900
Cap Rate: ~16.1%

Comps/ARV:

📈 ARV: $75K–$80K

Comp 1:  3311 Texas St. sold for $67,500 @ $89/sqft and is a 2/1 756 sqft on 4/15/205 (Full on flip)

Comp 2:  1901 Gibson St sold for $56,000 @ $48/sqft and is a 4/1 1168 sqft on 4/10/2025 

Comp 3:  1939 Gibson St sold for $51,000 @ $48/sqft and is a 3/1 1066 sqft on 6/20/2025

Comp 4:  2108 Ester St sold for $79,000 @ $52/sqft and is a 4/2 1533 sqft on 3/13/2025

Comp 5:  2039 Midway St sold for $59,500 @ $43/sqft and is a 3/1 1399 sqft on 2/4/2025