1644 Dovertown RdCordovaAL35550
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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 Cordova at 1644 Dovertown Rd, Cordova, AL, 35550 uses $54,664 cash to close to unlock $9,844/yr annual cash flow and $820/mo monthly cash flow. Total monthly income runs $1,751/mo, and a $807/mo payment keeps the spread at $820/mo. Purchase price stands at $164,900, and rental yield measures 12.74% with $1,751/mo rent. Return on cash invested shows 37.92% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 198.74% and total cumulative return in cash records $108,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,751/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1988
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35550, Cordova, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,423 (100%) |
| Owner Occupied HU | 1,565 (64.6%) |
| Renter Occupied HU | 554 (22.9%) |
| Vacant Housing Units | 304 (12.5%) |
| Median Home Value | $118,269 |
| Average Home Value | $153,997 |
Housing Distribution
Address Breakdown
Residential
2,237
Single Family
2,132
Multi-Family
105
Businesses
80
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Listed by: Peggy Lucas • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21432468
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.