1201 Bailey Cove Cir SE APT CHuntsvilleAL35802
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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 Huntsville at 1201 Bailey Cove Cir SE APT C, Huntsville, AL, 35802 uses $61,328 cash to close to unlock $8,019/yr annual cash flow and $668/mo monthly cash flow. Total monthly income runs $1,958/mo, and a $905/mo payment keeps the spread at $668/mo. Purchase price stands at $185,000, and rental yield measures 12.7% with $1,958/mo rent. Return on cash invested shows 32.99% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 174.05% and total cumulative return in cash records $106,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,958/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35802, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,118 (100%) |
| Owner Occupied HU | 6,122 (50.5%) |
| Renter Occupied HU | 4,992 (41.2%) |
| Vacant Housing Units | 1,004 ( 8.3%) |
| Median Home Value | $370,762 |
| Average Home Value | $444,729 |
Housing Distribution
Address Breakdown
Residential
11,568
Single Family
8,142
Multi-Family
3,426
Businesses
680
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Listed by: David Edwards • Hamlett Property Management
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21872007
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