1509 Althea LoopAlexander CityAL35010
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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
Rental property for sale in Alexander City at 1509 Althea Loop, Alexander City, AL, 35010 generates $2,894/mo in rent and, after a $1,855/mo payment, leaves $755/mo in cash flow. Total monthly income is $2,894/mo, and annual cash flow is $9,057/yr on $125,639 invested. Return on cash invested sits at 27.12% in year one, and rental yield is 9.16% on a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 140.78% and total cumulative return in cash sums $176,879. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,894/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
N/A 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: Lacey Howell • REMAX Around the Lake
Mls Name: LMMLS
Mls ID: #25-2257