1 Old Cove Pl SEGurleyAL35748
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Gurley at 1 Old Cove Pl SE, Gurley, AL, 35748 offers a 5.17% rental yield on a $850,000 purchase with $3,665/mo rent. 2% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 76.84% and total cumulative return in cash at $214,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,665/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35748, Gurley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,025 (100%) |
| Owner Occupied HU | 2,401 (79.4%) |
| Renter Occupied HU | 401 (13.3%) |
| Vacant Housing Units | 223 ( 7.4%) |
| Median Home Value | $349,460 |
| Average Home Value | $368,948 |
Housing Distribution
Address Breakdown
Residential
3,466
Single Family
3,466
Multi-Family
0
Businesses
123
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