101 Palmera DrAddisonAL35540
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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
Rental property for sale in Addison at 101 Palmera Dr, Addison, AL, 35540 priced at $142,500 converts $1,076/mo rent into $272/mo cash flow after a $697/mo obligation. Total monthly income equals $1,076/mo, and annual cash flow totals $3,265/yr on $47,239 invested. Return on cash invested prints 26.82% in year one, and rental yield reads 9.06% against a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation compiles into $39,370 by year five. Five-year ROI reaches 139.32% and total cumulative return in cash sums $65,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,076/mo property income covering a $697/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35540, Addison, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,207 (100%) |
| Owner Occupied HU | 843 (69.8%) |
| Renter Occupied HU | 164 (13.6%) |
| Vacant Housing Units | 200 (16.6%) |
| Median Home Value | $232,895 |
| Average Home Value | $273,932 |
Housing Distribution
Address Breakdown
Residential
969
Single Family
969
Multi-Family
0
Businesses
75
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