1108 Pilgrim LnMontevalloAL35115
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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 Montevallo at 1108 Pilgrim Ln, Montevallo, AL, 35115 generates $2,472/mo in rent and, after a $1,678/mo payment, leaves $474/mo in cash flow. Total monthly income is $2,472/mo, and annual cash flow is $5,692/yr on $113,671 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 8.65% on a $342,900 entry. Equity gained on principal adds $2,213/yr, while 5% annual appreciation builds toward $94,737 over five years. Five-year ROI reaches 129.25% and total cumulative return in cash sums $146,921. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,472/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$750 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35115, Montevallo, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,341 (100%) |
| Owner Occupied HU | 4,029 (63.5%) |
| Renter Occupied HU | 1,782 (28.1%) |
| Vacant Housing Units | 530 ( 8.4%) |
| Median Home Value | $233,994 |
| Average Home Value | $308,258 |
Housing Distribution
Address Breakdown
Residential
6,312
Single Family
6,203
Multi-Family
109
Businesses
302
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Listed by: Ron Fulton Fulton • LGI Homes- Alabama LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402342
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.