1311 Noble Ave SWDecaturAL35601
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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 1311 Noble Ave SW, Decatur, AL, 35601 generates $1,603/mo in rent and, after a $666/mo payment, leaves $779/mo in cash flow. Total monthly income is $1,603/mo, and annual cash flow is $9,351/yr on $45,084 invested. Return on cash invested sits at 40.65% in year one, and rental yield is 14.14% on a $136,000 entry. Equity gained on principal adds $878/yr, while 5% annual appreciation builds toward $37,574 over five years. Five-year ROI reaches 213.95% and total cumulative return in cash sums $96,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,603/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.28 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: Mark Moody • MarMac Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21892262
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