190 Chase DrPelhamAL35124
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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 Pelham at 190 Chase Dr, Pelham, AL, 35124 offers a 7.5% rental yield on a $549,900 purchase with $3,435/mo rent. Total monthly income registers $3,435/mo, and a $2,691/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,115/yr on $180,917 to close, and return on cash invested stands at 21.78% in year one. Equity gained on principal adds $3,548/yr while 5% annual appreciation supports $151,927 over five years. Portfolio math shows five-year ROI at 112.31% and total cumulative return in cash at $203,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,435/mo property income against a $2,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35124, Pelham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,280 (100%) |
| Owner Occupied HU | 8,765 (77.7%) |
| Renter Occupied HU | 2,140 (19.0%) |
| Vacant Housing Units | 375 ( 3.3%) |
| Median Home Value | $337,511 |
| Average Home Value | $374,292 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,486
Multi-Family
525
Businesses
1,614
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Listed by: Nadia Wallace • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21424592
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.