Potential Profit$14,664
This property is available as a fixer upper at Lott Rd. This property features 3 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 2,145 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Eight Mile, specifically for Lott Rd and comparable listings. Based on this expert analysis, the estimated market value is $115,123. This has potential equity of $14,664. If purchased for rental purposes, the monthly rental rate could range between $1,020 and $1,380, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $14,664. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Lott Rd are updated daily along with others in Eight Mile, Alabama, ensuring you have the most current and accurate information.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
There are 3 schools in the area. Nearby schools include Eight Mile Elementary School and Cecilia's High School.
There are plenty of activities near this property like Eight Mile Community Center, Mobile Public Library - Eight Mile Branch, and more.
Public transportation options include: Local bus services providing access between Eight Mile and Mobile area, facilitating commuting for residents without vehicles.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Eight Mile Park, Miller Park and more.
Services available in the area include cellular and internet options.
This property in Eight Mile, AL is located in the Residential Site Subdivision.
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The estimated rental value for Lott Rd located in Eight Mile, AL is $1,201/month. Comparable homes around Lott Rd that are rentals have monthly ranges starting as low as $1,020 per month and as high as $1,380 per month. An owner looking to use this property as an investment could bring a return in the area of $1,020 - $1,380 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
Status: Active
Listing information updated for this property.
Status: Active
Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Inactive
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Inactive
Status: Inactive
Status: Inactive
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