These were the Existing Home Sales for December 2014 for Zip Code 36022 in Deatsville and Autauga County including Pine Level, and subdivisions Graham Ridge, Rosegate, Caroline Estates, Dogwood Estates, Garden Park, Pinetuckett, Hidden Valley, Hummingbird Place, The Planes, Honeysuckle Ridge, Rushmore, Northpointe, Grand Park, Alpine Hills, Tatum Fields, Mountain Creek, Dogwood Lake Estates, Percy Place, Clear Branch, Oak Valley, and Hunter’s Trail. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance of a bargain if you are buying. For a personalized report, feel free to contact me.
December 2014 Home Sales Zip Code 36022 Deatsville Autauga County
Don’t Consider Appreciation or Tax Savings
Appreciation and tax savings are legitimate contributors to an overall rate of return on rental real estate but what if you didn’t consider them at all. If you only looked at one or two, very conservative measurements, you might decide to invest especially knowing that there are more benefits that will accrue to your investment.
If we bought a property for cash, collected the rent and paid the expenses, the amount left would be called Net Operating Income. In the example below, if would generate $7,200 a year which would be a 7.02% cash on cash rate of return which is considerably higher than the current 10 year treasury rate of around 2.3%.
If we place a mortgage on that property, the rate of return actually increases due to leverage. After the principal and interest are paid, the net operating income obviously decreases but the cash on cash rate of return increases to 9.10% because the borrowed funds means less cash invested.
Another contribution to the investment’s rate of return occurs with the mortgage due to amortization: the principal reduces with each payment made which increase the investor’s equity. In this example, the equity build-up divided by the initial investment yields a 5.25% rate of return in the first year.
Single family homes for rental purposes offer the investor high loan-to-value mortgages at fixed interest rates for long terms on appreciating assets with tax benefits, reasonable control and an opportunity to earn higher than normal rates of return. Call if you’d like to talk about what kind of rental opportunities are available.
Being a Good Neighbor
A good neighbor might be characterized as someone who’ll look after your home when you’re out of town by picking up your mail and watering your plants. You’d most likely reciprocate for anyone who’d be so generous toward you.
In some cases, you might only be able to name one or two of your neighbors who would step up to that level of service. Wouldn’t it be nice if more people on your street would be happy to make that offer?
The solution may just start with being a better neighbor first. The following suggestions go a long way to improving your neighborhood and making new friends at the same time.
- Meet your neighbors and exchange phone numbers and email addresses. Agree with each other that you’ll let them know if you see something strange going on at their home.
- Slow down when driving through the neighborhood; it will make it safer and everyone will appreciate it.
- Control your dog: keep it on a leash; pick up after it; don’t let it bark too much.
- Don’t park in front of your neighbor’s home.
- Notify your immediate neighbors when you’re having remodeling done and ask them to let you know if any of the contractors cause damage to their property.
- Let your neighbors know when you’re having a party and that there will be more cars on the street than usual.
- Maintain your home and yard so that it adds to the beauty of the neighborhood.
- Put your garbage out for collection on the correct day and bring the containers back in promptly.
In reality, it is fairly obvious; you just have to think of the things that you’d want from your neighbors. Be friendly; don’t be noisy; offer a helping hand when available and respect each other’s boundaries. Having a sense of community and that you all share the neighborhood can be underlying principles that will guide your behavior.
A good neighbor would be aware of suspicious activity and would call their neighbors and the police if warranted. This might be something you can discuss with your neighbors. Click here for a template to record your immediate neighbor’s contact information and keep readily available if needed.
November 2014 Home Sales Zip Code 36022 Deatsville Elmore County
These were the Existing Homes for November 2014 for Zip Code 36022 for Deatsville and Elmore County including Holtville, Slapout, and part of Lake Jordan communities and subdivisions Spring Hollow, Richfield, Brookshire, Wind Mill Ridge, Dillons Run, Coosa Ridge, Green Acres, Foxwood, Plantation Ridge, Stoneybrooke Plantation, Turner’s Place, Bridlewood, Bellview Heights, Indian Hills, Meadowview, Sagewood, Kimrick Estates, Country Side Estates, The Forest, Grand Park, Summerfield, Cotton Terrace, Autumn Springs, Forest Heights, Cruise Farm Estates, Breckenridge Crescent Ridge, Savannah Trace, Wynridge, Blackberry, Ridgedale Estates, Country Oaks, Copper Ridge, and Cobblestone Run. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance of a bargain if you are buying. For a personalized report, feel free to contact me.
November 2014 Home Sales Zip Code 36022 Deatsville Autauga County
These were the Existing Home Sales for November 2014 for Zip Code 36022 in Deatsville and Autauga County including Pine Level, and subdivisions Graham Ridge, Rosegate, Caroline Estates, Dogwood Estates, Garden Park, Pinetuckett, Hidden Valley, Hummingbird Place, The Planes, Honeysuckle Ridge, Rushmore, Northpointe, Grand Park, Alpine Hills, Tatum Fields, Mountain Creek, Dogwood Lake Estates, Percy Place, Clear Branch, Oak Valley, and Hunter’s Trail. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance of a bargain if you are buying. For a personalized report, feel free to contact me.
November 2014 Home Sales Zip Code 36025 Elmore, AL
These were the Existing Homes for November 2014 for Zip Code 36025 for the community of Elmore in Elmore County including subdivisions Ferndale, Meadowview, Turtle Trace, Crossgate, Silver Ridge, Diamond Oaks, Brittany Place, Brownstone and Charleston Place. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance of a bargain if you are buying. For a personalized report, feel free to contact me.
November 2014 Home Sales Zip Code 36054 Millbrook , AL
These were the existing Homes for Sale November 2014 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, Stoney Brook, Mountain View, Bishop Place, Jamestown, Grand Oaks, Timberbrook Estates, Plantation Oaks, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
November 2014 Home Sales Zip Code 36064 Pike Road, AL
These were the existing Homes for Sale November 2014 for Zip Code 36064 for Pike Road and eastern Montgomery County including subdivisions Bon Terre, Woodland Creek, Bridle Brook, Avalon, Merrywood, Foxwood Providence and The Waters. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for a buyer. For a personalized report, feel free to contact me.
November 2014 Home Sales Zip Code 36066 Prattville, AL
These were the existing Homes for Sales November 2014 for Zip Code 36066 in Prattville and Autauga County including subdivisions Greystone, Riverchase, Woodland Heights, Silver Hills, Eastwood, The Homeplace, and The Villas at Brookstone. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure means a better bargain for buyers. For a personalized report, feel free to contact me.
November 2014 Home Sales Zip Code 36067 Prattville, AL
These were the existing Homes for Sale November 2014 for Zip Code 36067 in Prattville and Autauga County including subdivisions Camellia Estates, Live Oak, The Oaks of Buena Vista, Aspen Ridge, Bridge Creek Reserve, and Hearthstone How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure means a better chance of a bargain for a buyer. For a personalized report, feel free to contact me.
