106 Cluster Springs CirGardendaleAL35071
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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 Gardendale at 106 Cluster Springs Cir, Gardendale, AL, 35071 offers a 8.09% rental yield on a $420,000 purchase with $2,833/mo rent. Total monthly income registers $2,833/mo, and a $2,056/mo payment leaves $462/mo available for distribution. Annual cash flow reaches $5,544/yr on $139,230 to close, and return on cash invested stands at 23.89% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 123.47% and total cumulative return in cash at $171,907. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,833/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35071, Gardendale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,328 (100%) |
| Owner Occupied HU | 5,434 (74.2%) |
| Renter Occupied HU | 1,483 (20.2%) |
| Vacant Housing Units | 411 ( 5.6%) |
| Median Home Value | $305,155 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
7,444
Single Family
6,835
Multi-Family
609
Businesses
673
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Listed by: Zoe McCrear • SimpliHOM
Mls Name: GALMLS
Mls ID: #21441159