141 2nd StEclecticAL36024
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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 Eclectic at 141 2nd St, Eclectic, AL, 36024 generates $1,680/mo in rent, after a $7,586/mo payment. Total monthly income is $1,680/mo. Return on cash invested sits at 3.48% in year one, and rental yield is 1.3% on a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation builds toward $428,236 over five years. Five-year ROI reaches 13.91% and total cumulative return in cash sums $69,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
2.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36024, Eclectic, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,016 (100%) |
| Owner Occupied HU | 2,445 (60.9%) |
| Renter Occupied HU | 467 (11.6%) |
| Vacant Housing Units | 1,104 (27.5%) |
| Median Home Value | $268,794 |
| Average Home Value | $351,645 |
Housing Distribution
Address Breakdown
Residential
3,136
Single Family
3,136
Multi-Family
0
Businesses
187
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