1598 Pleasant Grove RdDolomiteAL35061
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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 Dolomite at 1598 Pleasant Grove Rd, Dolomite, AL, 35061 offers a 9.21% rental yield on a $105,000 purchase with $806/mo rent. Total monthly income registers $806/mo, and a $514/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,559/yr on $34,808 to close, and return on cash invested stands at 27.26% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 141.66% and total cumulative return in cash at $49,310. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $806/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35061, Dolomite, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 378 (65.5%) |
| Renter Occupied HU | 140 (24.3%) |
| Vacant Housing Units | 59 (10.2%) |
| Median Home Value | $198,276 |
| Average Home Value | $222,665 |
Housing Distribution
Address Breakdown
Residential
493
Single Family
493
Multi-Family
0
Businesses
87
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