1304 Morningside Ct SEDecaturAL35601
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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 Decatur at 1304 Morningside Ct SE, Decatur, AL, 35601 priced at $299,900 pairs $1,700/mo rent with $7/mo cash flow after a $1,468/mo payment. Total monthly income equals $1,700/mo, and annual cash flow comes to $85/yr on $99,417 invested. Return on cash invested is 19.99% in year one, and rental yield stands at 6.8% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 102.63% and total cumulative return in cash reaches $102,028. For financing, Ziffy Mortgage’s DSCR program evaluates $1,700/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
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Listed by: William Stephenson • Kendall James Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21888964
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