117 Morning Mist TrlAlabasterAL35007
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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 Alabaster at 117 Morning Mist Trl, Alabaster, AL, 35007 offers $2,376/mo rent that, after a $1,791/mo payment, leaves $281/mo cash flow. Total monthly income is $2,376/mo, and annual cash flow is $3,377/yr on $121,296 cash. Return on cash invested measures 22.69% in year one, and rental yield stands at 7.79% at a $365,900 entry. Equity gained on principal adds $2,361/yr while 5% annual appreciation compounds into $101,091 by year five. Five-year ROI records 117.18% and total cumulative return in cash reaches $142,130. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,376/mo property income versus a $1,791/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.32 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35007, Alabaster, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,730 (100%) |
| Owner Occupied HU | 8,592 (80.1%) |
| Renter Occupied HU | 1,767 (16.5%) |
| Vacant Housing Units | 371 ( 3.5%) |
| Median Home Value | $283,979 |
| Average Home Value | $334,122 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
9,866
Multi-Family
612
Businesses
1,121
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Listed by: Penny Miller • RE/MAX Advantage South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21407645
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.