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341 Periwinkle St, Harvest, Alabama 35747, US
Est. IRR
The annual compounded rate of return an investment is expected to generate over a specific period of time.13.92%
Est. Yield
The average annual cash an investment is expected to earn over one year as a percent of the investment amount (also called "cash-on-cash").5.21%
Est. Equity Multiple
The return an investor is expected to receive, as a multiple of the investment amount.N/A
Key Stats
Last updated: November 27, 2022, 04:04 am
Est. IRR
The annual compounded rate of return an investment is expected to generate over a specific period of time.13.92%
Est. Yield
The average annual cash an investment is expected to earn over one year as a percent of the investment amount (also called "cash-on-cash").5.21%
Est. Property Value
The most recent estimated value, most commonly the purchase price of the property.$288,245
Beds / Baths
4 bd / 2 ba
Year Built / Renovated
2014 / 2021
Units
1
Sq. Ft.
1,689
Occupied
Yes
Debt LTV
0%
Current Rent
$1,870
Lot Size
0.24 acres
Yearly Income
$23,145
Asset Class (Single Family Rental)
About
Single Family Rental in Harvest, Alabama
This single-family rental with 4 beds and 2 baths is located close to Harvest Square (1.5 miles), Harvest Square Nature Preserve Trailhead (1.5 miles), and Monrovia Public Library (2.8 miles).
The home sits on 0.24 acres with a total interior space of 1,689 square feet. The property was originally built in 2014 and was renovated in 2021, and includes an updated bathroom, a new roof (installed in June 2021), and an updated kitchen.
Local schools include Sparkman High School (1.7 mi) with an 8/10 rating, Calvary Baptist Academy (3.9 mi) with a 6/10 rating, and Madison Cross Roads Elementary School (7.1 mi) with an 8/10 rating. Nearby colleges include Oakwood University (6.9 mi), The University of Alabama in Huntsville (9.4 mi), and Alabama A&M University (9.6 mi).
The largest employers in the area include SAIC (9.2 mi), Dynetics (9.6 mi), and Huntsville Hospital (12.2 mi).
The business plan would be classified as a long-term hold strategy which in this case means maximizing profits by keeping occupancy stable and increasing rents over time.
5 Highlights about this deal:
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The property was acquired for $288,245 vs a Zillow Zestimate of $294,146 (Nov 2022)
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The goal is to rent the unit for $1,854 which is below the median rent of $1,705
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The house has multiple features including hardwood floors, high ceilings, an updated kitchen sink along with a covered back patio surrounded by a privacy fence
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The neighborhood has an ‘A’ rating on Niche.
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Harvest is in Madison County and is one of the best places to live in Alabama. The public schools in Harvest are highly rated.
Market Highlights
Closest School
![Sparkman High School](https://cdn.realbid.com/marketing/images/educational-institutions/sparkman-high-school/sparkman-high-school.jpg)
Sparkman High School(1.7 mi)
School
Closest University
![Oakwood University](https://cdn.realbid.com/marketing/images/educational-institutions/oakwood-university/oakwood-university.png)
Oakwood University(6.9 mi)
University
Closest Fortune 500 Headquarters
No nearby Fortune 500 Headquarters.
Closest Employer
![SAIC](https://cdn.realbid.com/marketing/images/employers/saic/saic-logo.jpg)
SAIC(9.2 mi)
Industry: Research & Development
Local Employees: 2,746
Closest Transit
![Pulaski Pike at Winchester Rd SB](https://cdn.realbid.com/marketing/images/transportation/pulaski-pike-at-winchester-rd-sb/1594141071474.jpg)
Pulaski Pike at Winchester Rd SB(7.1 mi)
Transit
Closest Airport
![Huntsville International Airport](https://cdn.realbid.com/marketing/images/transportation/huntsville-international-airport/311629237_473456164815226_3172397735617973189_n.jpg)
Huntsville International Airport(17.3 mi)
Airport
![Wavelength Homes](https://cdn.realbid.com/marketing/images/sponsors/wavelength-homes-logo.png)
Wavelength Homes
Management Company
![Low Key Management](https://cdn.realbid.com/marketing/images/management/low-key-management-logo.png)
Low Key Management
Sponsor
On the Map
341 Periwinkle St, Harvest, Alabama 35747, US