106 Coales Branch DrPelhamAL35124
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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 Pelham at 106 Coales Branch Dr, Pelham, AL, 35124 priced at $188,500 converts $1,927/mo rent into $824/mo cash flow after a $923/mo obligation. Total monthly income equals $1,927/mo, and annual cash flow totals $9,891/yr on $62,488 invested. Return on cash invested prints 35.74% in year one, and rental yield reads 12.27% against a $188,500 entry. Equity gained on principal adds $1,216/yr, while 5% annual appreciation compiles into $52,079 by year five. Five-year ROI reaches 187.31% and total cumulative return in cash sums $117,045. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,927/mo property income covering a $923/mo payment, not borrower’s personal income.
Townhouse
Built in 1999
2,178 sqft lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35124, Pelham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,280 (100%) |
| Owner Occupied HU | 8,765 (77.7%) |
| Renter Occupied HU | 2,140 (19.0%) |
| Vacant Housing Units | 375 ( 3.3%) |
| Median Home Value | $337,511 |
| Average Home Value | $374,292 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,486
Multi-Family
525
Businesses
1,614
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Listed by: Nakia Walker • Opendoor Brokerage LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21392526
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.