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:

1. The property was acquired for $288,245 vs a Zillow Zestimate of $294,146 (Nov 2022)

2. The goal is to rent the unit for $1,854 which is below the median rent of $1,705

3. 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

4. The neighborhood has an ‘A’ rating on Niche.

5. Harvest is in Madison County and is one of the best places to live in Alabama. The public schools in Harvest are highly rated.