16618 Hamilton PlAthensAL35613
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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 Athens at 16618 Hamilton Pl, Athens, AL, 35613 generates $2,592/mo in rent, after a $2,565/mo payment. Total monthly income is $2,592/mo. Return on cash invested sits at 17.02% in year one, and rental yield is 5.94% on a $524,024 entry. Equity gained on principal adds $3,381/yr, while 5% annual appreciation builds toward $144,778 over five years. Five-year ROI reaches 86.8% and total cumulative return in cash sums $149,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,592/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
$850 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35613, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,937 (100%) |
| Owner Occupied HU | 9,026 (82.5%) |
| Renter Occupied HU | 1,520 (13.9%) |
| Vacant Housing Units | 391 ( 3.6%) |
| Median Home Value | $336,500 |
| Average Home Value | $377,614 |
Housing Distribution
Address Breakdown
Residential
11,392
Single Family
11,274
Multi-Family
118
Businesses
298
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Listed by: Michael Cooley • Porch Light Real Estate LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21872484
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