102 1st St NW #BFayetteAL35555
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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 Fayette at 102 1st St NW #B, Fayette, AL, 35555 priced at $298,500 converts $2,124/mo rent into $71/mo cash flow after a $1,461/mo obligation. Total monthly income equals $2,124/mo, and annual cash flow totals $853/yr on $98,953 invested. Return on cash invested prints 20.77% in year one, and rental yield reads 8.54% against a $298,500 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation compiles into $82,470 by year five. Five-year ROI reaches 108.4% and total cumulative return in cash sums $107,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $1,461/mo payment, not borrower’s personal income.
Condo
Built in 1914
N/A lot
$N/A/sqft
$368 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35555, Fayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,507 (100%) |
| Owner Occupied HU | 2,740 (60.8%) |
| Renter Occupied HU | 1,038 (23.0%) |
| Vacant Housing Units | 729 (16.2%) |
| Median Home Value | $171,483 |
| Average Home Value | $279,089 |
Housing Distribution
Address Breakdown
Residential
4,213
Single Family
4,034
Multi-Family
179
Businesses
446
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Listed by: Ned Nichols • THE PRATER COMPANY
Mls Name: WAMLS
Mls Provider:
Mls ID: #163975
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.