1047 Springfield DrChelseaAL35043
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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 Chelsea at 1047 Springfield Dr, Chelsea, AL, 35043 with 5% annual appreciation on a $321,900 basis while $2,226/mo rent supports operations. Total monthly income totals $2,226/mo and a $1,576/mo payment preserves $340/mo for cash returns. Annual cash flow comes to $4,075/yr on $106,710 deployed, and return on cash invested reaches 23.73% in year one. Equity gained on principal adds $2,077/yr, and five-year appreciation sums $88,935 alongside rental yield of 8.3%. Five-year ROI measures 122.9% and total cumulative return in cash totals $131,148.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,226/mo property income versus a $1,576/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2014
6,534 sqft lot
$N/A/sqft
$69 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35043, Chelsea, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,419 (100%) |
| Owner Occupied HU | 4,842 (89.4%) |
| Renter Occupied HU | 424 ( 7.8%) |
| Vacant Housing Units | 153 ( 2.8%) |
| Median Home Value | $382,884 |
| Average Home Value | $433,704 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,713
Multi-Family
0
Businesses
387
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Listed by: Ashly Staggs • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21415409
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.