119 Nettle Leaf DrMeridianvilleAL35759
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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 Meridianville at 119 Nettle Leaf Dr, Meridianville, AL, 35759 offers $1,974/mo rent that, after a $1,273/mo payment, leaves $475/mo cash flow. Total monthly income is $1,974/mo, and annual cash flow is $5,697/yr on $86,187 cash. Return on cash invested measures 26.52% in year one, and rental yield stands at 9.11% at a $259,990 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,830 by year five. Five-year ROI records 137.75% and total cumulative return in cash reaches $118,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,974/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,100 sqft lot
$N/A/sqft
$375 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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Listed by: Dawn Bentley • DHI Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21875606
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