1408 Harbison St NECullmanAL35055
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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 Cullman at 1408 Harbison St NE, Cullman, AL, 35055 priced at $293,800 converts $2,260/mo rent into $452/mo cash flow after a $1,438/mo obligation. Total monthly income equals $2,260/mo, and annual cash flow totals $5,420/yr on $97,395 invested. Return on cash invested prints 25.47% in year one, and rental yield reads 9.23% against a $293,800 entry. Equity gained on principal adds $1,896/yr, while 5% annual appreciation compiles into $81,172 by year five. Five-year ROI reaches 132.65% and total cumulative return in cash sums $129,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,260/mo property income covering a $1,438/mo payment, not borrower’s personal income.
Condo
Built in 1994
6,116 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35055, Cullman, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,021 (100%) |
| Owner Occupied HU | 5,828 (58.2%) |
| Renter Occupied HU | 3,463 (34.6%) |
| Vacant Housing Units | 730 ( 7.3%) |
| Median Home Value | $220,401 |
| Average Home Value | $299,158 |
Housing Distribution
Address Breakdown
Residential
9,620
Single Family
8,898
Multi-Family
722
Businesses
1,181
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Listed by: Leslie Hollingsworth • HAPPY HOMES REAL ESTATE
Mls Name: Strategic MLS Alliance
Mls ID: #521916
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.