1028 Cove DrEclecticAL36024
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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 Eclectic at 1028 Cove Dr, Eclectic, AL, 36024 offers a 10.08% rental yield on a $200,000 purchase with $1,680/mo rent. Total monthly income registers $1,680/mo, and a $979/mo payment leaves $551/mo available for distribution. Annual cash flow reaches $6,612/yr on $66,300 to close, and return on cash invested stands at 29.88% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 155.61% and total cumulative return in cash at $103,172. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36024, Eclectic, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,016 (100%) |
| Owner Occupied HU | 2,445 (60.9%) |
| Renter Occupied HU | 467 (11.6%) |
| Vacant Housing Units | 1,104 (27.5%) |
| Median Home Value | $268,794 |
| Average Home Value | $351,645 |
Housing Distribution
Address Breakdown
Residential
3,136
Single Family
3,136
Multi-Family
0
Businesses
187
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