107 Cove LnPelhamAL35124
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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 107 Cove Ln, Pelham, AL, 35124 generates $2,280/mo in rent and, after a $1,669/mo payment, leaves $302/mo in cash flow. Total monthly income is $2,280/mo, and annual cash flow is $3,626/yr on $113,042 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 8.02% on a $341,000 entry. Equity gained on principal adds $2,200/yr, while 5% annual appreciation builds toward $94,212 over five years. Five-year ROI reaches 119.56% and total cumulative return in cash sums $135,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.35 Acres lot
$N/A/sqft
$235 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: Debbie Horton • RealtySouth-Inverness Office
Mls Name: GALMLS
Mls Provider:
Mls ID: #21424840
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.