118 Stonehaven WayPelhamAL35124
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 Pelham at 118 Stonehaven Way, Pelham, AL, 35124 priced at $280,000 pairs $2,147/mo rent with $544/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,147/mo, and annual cash flow comes to $6,530/yr on $92,820 invested. Return on cash invested is 26.94% in year one, and rental yield stands at 9.2% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 140% and total cumulative return in cash reaches $129,945. For financing, Ziffy Mortgage’s DSCR program evaluates $2,147/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
43 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35124, Pelham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,280 (100%) |
| Owner Occupied HU | 8,765 (77.7%) |
| Renter Occupied HU | 2,140 (19.0%) |
| Vacant Housing Units | 375 ( 3.3%) |
| Median Home Value | $337,511 |
| Average Home Value | $374,292 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,486
Multi-Family
525
Businesses
1,614
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