15 Wheeler StAlexander CityAL35010
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 Alexander City at 15 Wheeler St, Alexander City, AL, 35010 offers $1,570/mo rent that, after a $832/mo payment, leaves $611/mo cash flow. Total monthly income is $1,570/mo, and annual cash flow is $7,327/yr on $56,322 cash. Return on cash invested measures 32.92% in year one, and rental yield stands at 11.09% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 171.94% and total cumulative return in cash reaches $96,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,570/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35010, Alexander City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,913 (100%) |
| Owner Occupied HU | 5,693 (52.2%) |
| Renter Occupied HU | 2,895 (26.5%) |
| Vacant Housing Units | 2,325 (21.3%) |
| Median Home Value | $146,379 |
| Average Home Value | $244,149 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
9,322
Multi-Family
534
Businesses
699
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Listed by: Shane Burns Broker • SELLING LAKE MARTIN
Mls Name: LMMLS
Mls ID: #26-48