138 Harness DrHuntsvilleAL35806
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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 Huntsville at 138 Harness Dr, Huntsville, AL, 35806 offers $2,483/mo rent that, after a $2,080/mo payment, leaves $84/mo cash flow. Total monthly income is $2,483/mo, and annual cash flow is $1,012/yr on $140,854 cash. Return on cash invested measures 20.63% in year one, and rental yield stands at 7.01% at a $424,900 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,392 by year five. Five-year ROI records 106% and total cumulative return in cash reaches $149,301. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,483/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35806, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,556 (100%) |
| Owner Occupied HU | 5,970 (34.0%) |
| Renter Occupied HU | 9,071 (51.7%) |
| Vacant Housing Units | 2,515 (14.3%) |
| Median Home Value | $355,774 |
| Average Home Value | $387,949 |
Housing Distribution
Address Breakdown
Residential
15,874
Single Family
10,019
Multi-Family
5,855
Businesses
1,425
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Listed by: Malette Felker • Leading Edge, R.E. Group
Mls Name: ValleyMLS
Mls ID: #21894985