160 Creek Grove RdClevelandAL35049
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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 Cleveland at 160 Creek Grove Rd, Cleveland, AL, 35049 uses $111,053 cash to close to unlock $4,185/yr annual cash flow and $349/mo monthly cash flow. Total monthly income runs $2,240/mo, and a $1,640/mo payment keeps the spread at $349/mo. Purchase price stands at $335,000, and rental yield measures 8.02% with $2,240/mo rent. Return on cash invested shows 23.68% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 122.34% and total cumulative return in cash records $135,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,240/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1996
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35049, Cleveland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,767 (100%) |
| Owner Occupied HU | 1,347 (76.2%) |
| Renter Occupied HU | 289 (16.4%) |
| Vacant Housing Units | 131 ( 7.4%) |
| Median Home Value | $188,393 |
| Average Home Value | $240,349 |
Housing Distribution
Address Breakdown
Residential
1,559
Single Family
1,559
Multi-Family
0
Businesses
100
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Listed by: Sheila Marbut • RealtySouth-Oneonta/Blount Co
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416869
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.