1421 7th PlPleasant GroveAL35127
Nearby investment properties with comparable rents
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
Investment property for sale in Pleasant Grove at 1421 7th Pl, Pleasant Grove, AL, 35127 uses $122,489 cash to close to unlock $4,798/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,486/mo, and a $1,809/mo payment keeps the spread at $400/mo. Purchase price stands at $369,500, and rental yield measures 8.07% with $2,486/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $102,086 over five years. Five-year ROI reaches 123.13% and total cumulative return in cash records $150,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,486/mo property income covering a $1,809/mo payment rather than investor’s personal income.
Single Family
Built in 1993
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35127, Pleasant Grove, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,731 (100%) |
| Owner Occupied HU | 2,968 (79.5%) |
| Renter Occupied HU | 599 (16.1%) |
| Vacant Housing Units | 164 ( 4.4%) |
| Median Home Value | $243,053 |
| Average Home Value | $325,932 |
Housing Distribution
Address Breakdown
Residential
3,820
Single Family
3,820
Multi-Family
0
Businesses
151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammie King • Norluxe Realty Birmingham LLC
Mls Name: GALMLS
Mls ID: #21437626