1160 Alexander StDolomiteAL35061
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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 Dolomite at 1160 Alexander St, Dolomite, AL, 35061 offers $1,151/mo rent that, after a $514/mo payment, leaves $558/mo cash flow. Total monthly income is $1,151/mo, and annual cash flow is $6,699/yr on $34,808 cash. Return on cash invested measures 39.15% in year one, and rental yield stands at 13.15% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 205.44% and total cumulative return in cash reaches $71,510. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,151/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35061, Dolomite, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 378 (65.5%) |
| Renter Occupied HU | 140 (24.3%) |
| Vacant Housing Units | 59 (10.2%) |
| Median Home Value | $198,276 |
| Average Home Value | $222,665 |
Housing Distribution
Address Breakdown
Residential
493
Single Family
493
Multi-Family
0
Businesses
87
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Listed by: Jamal Mccaskey • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414949
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.