1545 Applegate LnAlabasterAL35007
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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 Alabaster at 1545 Applegate Ln, Alabaster, AL, 35007 priced at $170,000 converts $1,345/mo rent into $353/mo cash flow after a $832/mo obligation. Total monthly income equals $1,345/mo, and annual cash flow totals $4,241/yr on $56,355 invested. Return on cash invested prints 27.43% in year one, and rental yield reads 9.49% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 142.77% and total cumulative return in cash sums $80,457. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,345/mo property income covering a $832/mo payment, not borrower’s personal income.
Townhouse
Built in 1986
1,742 sqft lot
$N/A/sqft
$90 quarterly 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
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Listed by: Phillip Wehby • Semaan Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417826
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.