149 Canter WayAlabasterAL35007
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
Rental property for sale in Alabaster at 149 Canter Way, Alabaster, AL, 35007 priced at $525,000 converts $3,202/mo rent into $181/mo cash flow after a $2,570/mo obligation. Total monthly income equals $3,202/mo, and annual cash flow totals $2,174/yr on $172,725 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 7.32% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 109.81% and total cumulative return in cash sums $189,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,202/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.74 Acres lot
$N/A/sqft
$480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35007, Alabaster, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,730 (100%) |
| Owner Occupied HU | 8,592 (80.1%) |
| Renter Occupied HU | 1,767 (16.5%) |
| Vacant Housing Units | 371 ( 3.5%) |
| Median Home Value | $283,979 |
| Average Home Value | $334,122 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
9,866
Multi-Family
612
Businesses
1,121
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Stallings • Five Star Real Estate, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21413331
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.