119 Morningwalk Ln SWHuntsvilleAL35824
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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 Huntsville at 119 Morningwalk Ln SW, Huntsville, AL, 35824 offers $2,512/mo rent that, after a $1,909/mo payment, leaves $311/mo cash flow. Total monthly income is $2,512/mo, and annual cash flow is $3,726/yr on $129,285 cash. Return on cash invested measures 22.79% in year one, and rental yield stands at 7.73% at a $390,000 entry. Equity gained on principal adds $2,517/yr while 5% annual appreciation compounds into $107,750 by year five. Five-year ROI records 117.6% and total cumulative return in cash reaches $152,036. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,512/mo property income versus a $1,909/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35824, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,130 (100%) |
| Owner Occupied HU | 2,663 (51.9%) |
| Renter Occupied HU | 2,089 (40.7%) |
| Vacant Housing Units | 378 ( 7.4%) |
| Median Home Value | $429,365 |
| Average Home Value | $460,209 |
Housing Distribution
Address Breakdown
Residential
5,103
Single Family
3,444
Multi-Family
1,659
Businesses
215
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Listed by: Kamila Patel-Turpin • Capstone Realty
Mls Name: ValleyMLS
Mls ID: #21903692