101 Devonshire PlPelhamAL35124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Pelham at 101 Devonshire Pl, Pelham, AL, 35124 priced at $272,500 converts $2,102/mo rent into $564/mo cash flow after a $1,334/mo obligation. Total monthly income equals $2,102/mo, and annual cash flow totals $6,764/yr on $90,334 invested. Return on cash invested prints 27.4% in year one, and rental yield reads 9.26% against a $272,500 entry. Equity gained on principal adds $1,758/yr, while 5% annual appreciation compiles into $75,287 by year five. Five-year ROI reaches 142.31% and total cumulative return in cash sums $128,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,102/mo property income covering a $1,334/mo payment, not borrower’s personal income.
Single Family
Built in 1993
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35124, Pelham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,280 (100%) |
| Owner Occupied HU | 8,765 (77.7%) |
| Renter Occupied HU | 2,140 (19.0%) |
| Vacant Housing Units | 375 ( 3.3%) |
| Median Home Value | $337,511 |
| Average Home Value | $374,292 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,486
Multi-Family
525
Businesses
1,614
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices