1001 Pilgrim LnMontevalloAL35115
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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 Montevallo at 1001 Pilgrim Ln, Montevallo, AL, 35115 listed at $330,000 pairs $2,414/mo rent with a $1,615/mo payment to leave $352/mo cash flow. Total monthly income runs $2,414/mo, and annual cash flow reaches $4,229/yr on $109,395 cash to close. Return on cash invested measures 23.77% in year one, and rental yield registers 8.78% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 123.66% and total cumulative return in cash totals $135,275. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,414/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
10,454 sqft lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35115, Montevallo, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,341 (100%) |
| Owner Occupied HU | 4,029 (63.5%) |
| Renter Occupied HU | 1,782 (28.1%) |
| Vacant Housing Units | 530 ( 8.4%) |
| Median Home Value | $233,994 |
| Average Home Value | $308,258 |
Housing Distribution
Address Breakdown
Residential
6,312
Single Family
6,203
Multi-Family
109
Businesses
302
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Listed by: Tahira Khadair • New Image Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419356
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.