106 Nottingham RdRainbow CityAL35906
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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 Rainbow City at 106 Nottingham Rd, Rainbow City, AL, 35906 uses $62,985 cash to close to unlock $13,038/yr annual cash flow and $1,087/mo monthly cash flow. Total monthly income runs $2,159/mo, and a $930/mo payment keeps the spread at $1,087/mo. Purchase price stands at $190,000, and rental yield measures 13.64% with $2,159/mo rent. Return on cash invested shows 40.61% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 213.19% and total cumulative return in cash records $134,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,159/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35906, Rainbow City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,832 (100%) |
| Owner Occupied HU | 2,856 (59.1%) |
| Renter Occupied HU | 1,556 (32.2%) |
| Vacant Housing Units | 420 ( 8.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $325,519 |
Housing Distribution
Address Breakdown
Residential
4,829
Single Family
4,098
Multi-Family
731
Businesses
487
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Listed by: Julie Smith • CopperLeaf Properties LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21890596
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