119 Waites RdTalladegaAL35160
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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
Investment property for sale in Talladega at 119 Waites Rd, Talladega, AL, 35160 offers a 8.96% rental yield on a $167,000 purchase with $1,247/mo rent. Total monthly income registers $1,247/mo, and a $817/mo payment leaves $305/mo available for distribution. Annual cash flow reaches $3,657/yr on $55,361 to close, and return on cash invested stands at 26.51% in year one. Equity gained on principal adds $1,078/yr while 5% annual appreciation supports $46,139 over five years. Portfolio math shows five-year ROI at 137.58% and total cumulative return in cash at $76,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,247/mo property income against a $817/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35160, Talladega, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,627 (100%) |
| Owner Occupied HU | 7,296 (57.8%) |
| Renter Occupied HU | 3,436 (27.2%) |
| Vacant Housing Units | 1,895 (15.0%) |
| Median Home Value | $160,200 |
| Average Home Value | $225,173 |
Housing Distribution
Address Breakdown
Residential
11,112
Single Family
10,753
Multi-Family
359
Businesses
621
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Listed by: Carrie Works • Re Vision Unlimited LLC Dba Re
Mls Name: GALMLS
Mls Provider:
Mls ID: #21435848
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.