115 Cove DrPell CityAL35128
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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 Pell City at 115 Cove Dr, Pell City, AL, 35128 priced at $475,000 converts $2,076/mo rent into after a $2,325/mo obligation. Total monthly income equals $2,076/mo. Return on cash invested prints 15.2% in year one, and rental yield reads 5.24% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 76.94% and total cumulative return in cash sums $121,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,076/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1982
1 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35128, Pell City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,275 (100%) |
| Owner Occupied HU | 3,881 (73.6%) |
| Renter Occupied HU | 880 (16.7%) |
| Vacant Housing Units | 514 ( 9.7%) |
| Median Home Value | $329,044 |
| Average Home Value | $345,017 |
Housing Distribution
Address Breakdown
Residential
4,830
Single Family
4,830
Multi-Family
0
Businesses
204
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Listed by: Vicky Bailey • RE/MAX Marketplace
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419922
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.