104 8th PlPleasant GroveAL35127
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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 Pleasant Grove at 104 8th Pl, Pleasant Grove, AL, 35127 generates $1,276/mo in rent and, after a $778/mo payment, leaves $310/mo in cash flow. Total monthly income is $1,276/mo, and annual cash flow is $3,721/yr on $52,709 invested. Return on cash invested sits at 26.97% in year one, and rental yield is 9.63% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 140.65% and total cumulative return in cash sums $74,136. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,276/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35127, Pleasant Grove, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,731 (100%) |
| Owner Occupied HU | 2,968 (79.5%) |
| Renter Occupied HU | 599 (16.1%) |
| Vacant Housing Units | 164 ( 4.4%) |
| Median Home Value | $243,053 |
| Average Home Value | $325,932 |
Housing Distribution
Address Breakdown
Residential
3,820
Single Family
3,820
Multi-Family
0
Businesses
151
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Listed by: Graham Rieseberg • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21418383
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.