1504 Chestnut St SEDecaturAL35601
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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 Decatur at 1504 Chestnut St SE, Decatur, AL, 35601 uses $60,333 cash to close to unlock $6,023/yr annual cash flow and $502/mo monthly cash flow. Total monthly income runs $1,552/mo, and a $891/mo payment keeps the spread at $502/mo. Purchase price stands at $182,000, and rental yield measures 10.23% with $1,552/mo rent. Return on cash invested shows 29.89% in year one, and 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 155.83% and total cumulative return in cash records $94,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,552/mo property income covering a $891/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
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Listed by: Cliff Glansen • FlatFee.com
Mls Name: GALMLS
Mls Provider:
Mls ID: #21422831
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.