16350 Highway 42ShelbyAL35143
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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 Shelby at 16350 Highway 42, Shelby, AL, 35143 generates $1,236/mo in rent and, after a $832/mo payment, leaves $277/mo in cash flow. Total monthly income is $1,236/mo, and annual cash flow is $3,318/yr on $56,355 invested. Return on cash invested sits at 25.8% in year one, and rental yield is 8.72% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 133.72% and total cumulative return in cash sums $75,357. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,236/mo property income rather than buyer’s personal income.
Manufactured
Built in 1990
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35143, Shelby, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,983 (100%) |
| Owner Occupied HU | 1,233 (62.2%) |
| Renter Occupied HU | 230 (11.6%) |
| Vacant Housing Units | 520 (26.2%) |
| Median Home Value | $357,595 |
| Average Home Value | $371,283 |
Housing Distribution
Address Breakdown
Residential
1,686
Single Family
1,686
Multi-Family
0
Businesses
45
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Listed by: Brian Thomas • RE/MAX Advantage South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21427574
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.