1805 L DrFultondaleAL35068
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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 Fultondale at 1805 L Dr, Fultondale, AL, 35068 uses $80,886 cash to close to unlock $3,240/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,647/mo, and a $1,194/mo payment keeps the spread at $270/mo. Purchase price stands at $244,000, and rental yield measures 8.1% with $1,647/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 123.59% and total cumulative return in cash records $99,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,647/mo property income covering a $1,194/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35068, Fultondale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 2,448 (60.4%) |
| Renter Occupied HU | 1,370 (33.8%) |
| Vacant Housing Units | 232 ( 5.7%) |
| Median Home Value | $219,331 |
| Average Home Value | $237,145 |
Housing Distribution
Address Breakdown
Residential
3,875
Single Family
3,234
Multi-Family
641
Businesses
289
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Listed by: Veronica Brewer • Grace Realty Group, LLC
Mls Name: GALMLS
Mls ID: #21439508