146 Patterson LnMeridianvilleAL35759
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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 Meridianville at 146 Patterson Ln, Meridianville, AL, 35759 uses $75,914 cash to close to unlock $5,583/yr annual cash flow and $465/mo monthly cash flow. Total monthly income runs $1,758/mo, and a $1,121/mo payment keeps the spread at $465/mo. Purchase price stands at $229,000, and rental yield measures 9.21% with $1,758/mo rent. Return on cash invested shows 27.26% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 141.61% and total cumulative return in cash records $107,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,758/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35759, Meridianville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,413 (100%) |
| Owner Occupied HU | 4,647 (85.8%) |
| Renter Occupied HU | 536 ( 9.9%) |
| Vacant Housing Units | 230 ( 4.2%) |
| Median Home Value | $317,342 |
| Average Home Value | $350,392 |
Housing Distribution
Address Breakdown
Residential
5,332
Single Family
5,332
Multi-Family
0
Businesses
235
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Listed by: Jessica Hogan • A.H. Sotheby's Int. Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21878100
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