146 Glenstone DrColumbianaAL35051
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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
Investment property for sale in Columbiana at 146 Glenstone Dr, Columbiana, AL, 35051 uses $119,307 cash to close to unlock $2,857/yr annual cash flow and $238/mo monthly cash flow. Total monthly income runs $2,270/mo, and a $1,762/mo payment keeps the spread at $238/mo. Purchase price stands at $359,900, and rental yield measures 7.57% with $2,270/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 115.01% and total cumulative return in cash records $137,210. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,270/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2018
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35051, Columbiana, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,476 (68.6%) |
| Renter Occupied HU | 830 (23.0%) |
| Vacant Housing Units | 301 ( 8.3%) |
| Median Home Value | $329,118 |
| Average Home Value | $357,637 |
Housing Distribution
Address Breakdown
Residential
3,426
Single Family
3,254
Multi-Family
172
Businesses
333
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Listed by: Chad Beasley • eXp Realty, LLC Central
Mls Name: GALMLS
Mls ID: #21431881