108 Harness DrHuntsvilleAL35806
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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 Huntsville at 108 Harness Dr, Huntsville, AL, 35806 priced at $299,900 converts $1,934/mo rent into $241/mo cash flow after a $1,468/mo obligation. Total monthly income equals $1,934/mo, and annual cash flow totals $2,893/yr on $99,417 invested. Return on cash invested prints 22.82% in year one, and rental yield reads 7.74% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 117.78% and total cumulative return in cash sums $117,088. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,934/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2013
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35806, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,556 (100%) |
| Owner Occupied HU | 5,970 (34.0%) |
| Renter Occupied HU | 9,071 (51.7%) |
| Vacant Housing Units | 2,515 (14.3%) |
| Median Home Value | $355,774 |
| Average Home Value | $387,949 |
Housing Distribution
Address Breakdown
Residential
15,874
Single Family
10,019
Multi-Family
5,855
Businesses
1,425
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Listed by: Tracy Reynolds • IPEX Realty, LLC
Mls Name: ValleyMLS
Mls ID: #21907062