188 Cedar WayPell CityAL35128
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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 Pell City at 188 Cedar Way, Pell City, AL, 35128 offers $4,350/mo rent that, after a $4,590/mo payment. Total monthly income is $4,350/mo. Return on cash invested measures 16.39% in year one, and rental yield stands at 5.57% at a $937,700 entry. Equity gained on principal adds $6,051/yr while 5% annual appreciation compounds into $259,069 by year five. Five-year ROI records 83.22% and total cumulative return in cash reaches $256,744. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,350/mo property income versus a $4,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
6.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35128, Pell City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,275 (100%) |
| Owner Occupied HU | 3,881 (73.6%) |
| Renter Occupied HU | 880 (16.7%) |
| Vacant Housing Units | 514 ( 9.7%) |
| Median Home Value | $329,044 |
| Average Home Value | $345,017 |
Housing Distribution
Address Breakdown
Residential
4,830
Single Family
4,830
Multi-Family
0
Businesses
204
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Listed by: Jessica Blackerby • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412122
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.