1660 Pleasant Grove RdDolomiteAL35061
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1660 Pleasant Grove Rd, Dolomite, AL, 35061 with 5% annual appreciation on a $124,900 basis while $982/mo rent supports operations. Total monthly income totals $982/mo and a $611/mo payment preserves $272/mo for cash returns. Annual cash flow comes to $3,263/yr on $41,404 deployed, and return on cash invested reaches 27.79% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 9.43%. Five-year ROI measures 144.44% and total cumulative return in cash totals $59,806.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $982/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
9,147 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chuck Bradford • Avast Realty- Birmingham
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417073
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.