About This Home

This 3-bedroom, 1-bathroom single family at 502 2nd St in Opp, AL is listed for $60,000 ($64 per sqft). Built in 1950, the home offers 936 sqft of living space on a 0.21 acres lot.

Key Features

  • Built in 1950
  • 0.21 acre lot

Property Details

1 full
1950
Listing Description

TURNKEY RENTAL ASSET: 11% GROSS YIELD & ~7.7%-8.3% CAP RATE UNDER $60K! Immediate cash flow awaits with this turnkey single-family rental in the established Sunnyslope neighborhood of Opp! Perfect for investors seeking high returns and steady passive income, this low-maintenance property features an in-place tenant paying $550/month with zero vacancy downtime from day one.Layout: Functional 936 sq.

ft. layout offering 3 bedrooms and 1 full bath.Lot & Grounds: Situated on a generous 0.21-acre parcel with ample yard space and room to add value.Low Overhead: Favorable Covington County ad valorem property tax basis (historically under $300/year), maximizing your net operating returns.

Monthly Cost Estimate

$321/mo

20% down · 6.5% · 30 years

Principal$43
Interest$260
Insurance$18

Estimates only. Actual payments may vary.

Location

502 2nd St

Opp, AL 36467

Property Details

Flooring

Vinyl

Construction

Vinyl Siding

Parking

DrivewayCarport

Heating

Natural Gas

Questions & Answers

This 3-bedroom, 1-bathroom single family at 502 2nd St is listed at $60,000 ($64/sqft). The estimated monthly payment is $321 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.21 acre lot.

This property is listed by Carla Norman.

CN

Carla Norman

Agent at Lakeside Realty LLC

Listed by Lakeside Realty LLC · Broker phone: 251-369-0409 · View on Broker Site

MLS# 12038244· Source: My State MLS· 6 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

502 2nd St, Opp, AL 36467

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