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Property in Enterprise, Alabama
View Enterprise Listings
| Zipcode |
Population |
Households |
Average
house value | | 36330 | 28,629 | 12,974 | $143,052 |
Other cities in the area: Ozark, Elba, Daleville, Fort Rucker, New Brockton, Chancellor, Coffee Springs, Bellwood
As with any extra revenue, you are responsible for paying taxes on the rent you collect with your Enterprise income property. However, you can generally deduct expenses of renting property from your rental income including depreciation, repairs, and operating expenses. If you operate on a cash basis, you can count the rental income as income when it is received, and can deduct your expenses as they are paid. You do not have to include a security deposit in your income if you plan on returning it to the tenant at the end of their lease. However, if you do not return it, this money is taxable income. As well, make sure to check with your tax advisor to ensure your taxes are correct.
The State of Alabama offers natural scenic beauty for residents and visitors to enjoy. Its many sporting and recreation events make
it a destination of choice for many. Enterprise, Alabama also offers opportunities for the home purchaser and
investor. Look for listings in the local area to determine what options for home purchasing or property investment may be available.
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Equal Housing Opportunity
