1029 Parkers CvMontevalloAL35115
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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 Montevallo at 1029 Parkers Cv, Montevallo, AL, 35115 uses $83,870 cash to close to unlock $9,033/yr annual cash flow and $753/mo monthly cash flow. Total monthly income runs $2,214/mo, and a $1,238/mo payment keeps the spread at $753/mo. Purchase price stands at $253,000, and rental yield measures 10.5% with $2,214/mo rent. Return on cash invested shows 30.68% in year one, and 5% annual appreciation builds toward $69,899 over five years. Five-year ROI reaches 160.07% and total cumulative return in cash records $134,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,214/mo property income covering a $1,238/mo payment rather than investor’s personal income.
Single Family
Built in 2020
7,840 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35115, Montevallo, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,341 (100%) |
| Owner Occupied HU | 4,029 (63.5%) |
| Renter Occupied HU | 1,782 (28.1%) |
| Vacant Housing Units | 530 ( 8.4%) |
| Median Home Value | $233,994 |
| Average Home Value | $308,258 |
Housing Distribution
Address Breakdown
Residential
6,312
Single Family
6,203
Multi-Family
109
Businesses
302
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Listed by: Nakia Walker • Opendoor Brokerage LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414574
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.