1911 Melbourne Ave NEHuntsvilleAL35801
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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 Huntsville at 1911 Melbourne Ave NE, Huntsville, AL, 35801 priced at $350,000 converts $1,829/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,829/mo. Return on cash invested prints 18.34% in year one, and rental yield reads 6.27% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 93.76% and total cumulative return in cash sums $108,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,829/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35801, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,461 (100%) |
| Owner Occupied HU | 6,732 (54.0%) |
| Renter Occupied HU | 4,824 (38.7%) |
| Vacant Housing Units | 905 ( 7.3%) |
| Median Home Value | $462,792 |
| Average Home Value | $540,252 |
Housing Distribution
Address Breakdown
Residential
11,234
Single Family
10,105
Multi-Family
1,129
Businesses
2,488
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Listed by: Gina Terry • Keller Williams Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21887584
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