116 Waterway DrMeridianvilleAL35759
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
Rental property for sale in Meridianville at 116 Waterway Dr, Meridianville, AL, 35759 priced at $241,990 converts $2,370/mo rent into $992/mo cash flow after a $1,184/mo obligation. Total monthly income equals $2,370/mo, and annual cash flow totals $11,904/yr on $80,220 invested. Return on cash invested prints 34.75% in year one, and rental yield reads 11.75% against a $241,990 entry. Equity gained on principal adds $1,562/yr, while 5% annual appreciation compiles into $66,857 by year five. Five-year ROI reaches 181.84% and total cumulative return in cash sums $145,875. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,370/mo property income covering a $1,184/mo payment, not borrower’s personal income.
Single Family
Built in N/A
8,775 sqft lot
$N/A/sqft
$150 annually 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
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Nearby investment properties with comparable prices
Listed by: Octavia Valencia • WJH LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21872848
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