137 Nottingham RdRainbow CityAL35906
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Nearby investment properties with comparable prices
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 Rainbow City at 137 Nottingham Rd, Rainbow City, AL, 35906 priced at $204,000 pairs $2,249/mo rent with $1,098/mo cash flow after a $998/mo payment. Total monthly income equals $2,249/mo, and annual cash flow comes to $13,176/yr on $67,626 invested. Return on cash invested is 39.39% in year one, and rental yield stands at 13.23% on a $204,000 basis. Equity gained on principal adds $1,316/yr, and 5% annual appreciation accumulates to $56,361 by year five. Five-year ROI measures 206.61% and total cumulative return in cash reaches $139,720. For financing, Ziffy Mortgage’s DSCR program evaluates $2,249/mo property income against a $998/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35906, Rainbow City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,832 (100%) |
| Owner Occupied HU | 2,856 (59.1%) |
| Renter Occupied HU | 1,556 (32.2%) |
| Vacant Housing Units | 420 ( 8.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $325,519 |
Housing Distribution
Address Breakdown
Residential
4,829
Single Family
4,098
Multi-Family
731
Businesses
487
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Listed by: Jeff Ingram • Susie Weems Real Estate, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21864638
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