104 NE 3rd StSummerdaleAL36580
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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 Summerdale at 104 NE 3rd St, Summerdale, AL, 36580 offers $2,100/mo rent that, after a $1,703/mo payment, leaves $136/mo cash flow. Total monthly income is $2,100/mo, and annual cash flow is $1,633/yr on $115,329 cash. Return on cash invested measures 21.32% in year one, and rental yield stands at 7.24% at a $347,900 entry. Equity gained on principal adds $2,245/yr while 5% annual appreciation compounds into $96,118 by year five. Five-year ROI records 109.76% and total cumulative return in cash reaches $126,591. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,703/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36580, Summerdale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 2,223 (71.9%) |
| Renter Occupied HU | 548 (17.7%) |
| Vacant Housing Units | 319 (10.3%) |
| Median Home Value | $342,723 |
| Average Home Value | $409,308 |
Housing Distribution
Address Breakdown
Residential
2,647
Single Family
2,647
Multi-Family
0
Businesses
221
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Listed by: Kelly Petrey • Katapult Properties, LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #369041
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.