4040 Sewall Drive SW, Huntsville, AL 35805

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Outstanding 4/2  Rent potential $900-950!

This split level 4/2 brick and siding home has a newer roof, and a great floor plan and so much to offer!  Built in 1971 the home has three bedrooms and a bath, a large living room and eat in kitchen on the main floor, there is a family room on the lower level, a nice deck, fenced yard and one car garage.  It’s located in Southwest Huntsville and may be in the prestigious Grissom School District (verify with the school board if that’s important to you).  One of the main gates to Redstone Arsenal Army Base is only a mile or so away, interstates and Historic Downtown Huntsville are also close by.  This home should rent in the $900-$950 range depending on the time of year and renovation level.

This home is a great opportunity because not only is it on a nice B- neighborhood with very good pride of ownership, but the ROI numbers on this house are crazy good and it’s in excellent shape.  This is a unique opportunity to pick up a house that was already in pretty great shape when we bought it at a cost plus model. Here is how it works, we bought the house with closing costs at about $59,000 and that includes some holding costs.  We add to that the referral fee for the realtor or brokerage that referred you (call that $5,000), and a profit margin that we would like to make on this home ($10,000).  This brings you to about $74,000, and we have a recommended renovation scope on this house that you can pick and choose from to bring this home to the total purchase price (while it could probably rent for $850 by cleaning it and cleaning carpets, we recommend interior paint, new LVP flooring throughout and a renovation of the master bath as well as adding one wall in the lower level to create the owners suite).   We think this renovation can be done for about $10,000-$13,000 to bring your all in cost somewhere between $84,000 and $87,000.  If this home rents for $950 then you are beating the 1% rule which is almost unheard of these days.

Property Details

Price: $87,000
Address: 4040 Sewall Drive
City: Huntsville
State: AL
ZIP: 35805
MLS #:
Square Feet: 1,290 + Fin lower level
Bedrooms: 4
Bathrooms: 2
Basement: Split Level

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