101 Paradise Isle #101RiversideAL35135
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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 Riverside at 101 Paradise Isle #101, Riverside, AL, 35135 generates $1,830/mo in rent, after a $1,463/mo payment. Total monthly income is $1,830/mo. Return on cash invested sits at 17.88% in year one, and rental yield is 7.34% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 92.63% and total cumulative return in cash sums $91,810. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,830/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35135, Riverside, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 622 (62.9%) |
| Renter Occupied HU | 255 (25.8%) |
| Vacant Housing Units | 112 (11.3%) |
| Median Home Value | $281,553 |
| Average Home Value | $320,691 |
Housing Distribution
Address Breakdown
Residential
889
Single Family
889
Multi-Family
0
Businesses
37
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Listed by: Caran Wilbanks • ERA King Real Estate Pell City
Mls Name: GALMLS
Mls Provider:
Mls ID: #21401900
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.