1087 Steger RdMeridianvilleAL35759
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Meridianville at 1087 Steger Rd, Meridianville, AL, 35759 at $225,000 posts ROI 23.61% with $230/mo cash flow from $1,500/mo rent. Total monthly income equals $1,500/mo, and annual cash flow records $2,763/yr on $74,588 to close. Return on cash invested measures 23.61% and rental yield reads 8% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 122.03% and total cumulative return in cash totals $91,017.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,500/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1996
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35759, Meridianville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,413 (100%) |
| Owner Occupied HU | 4,647 (85.8%) |
| Renter Occupied HU | 536 ( 9.9%) |
| Vacant Housing Units | 230 ( 4.2%) |
| Median Home Value | $317,342 |
| Average Home Value | $350,392 |
Housing Distribution
Address Breakdown
Residential
5,332
Single Family
5,332
Multi-Family
0
Businesses
235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Toney Parker • Mid City Real Estate Hsv
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21869782
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