197 Cryer Cove RdSomervilleAL35670
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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 Somerville at 197 Cryer Cove Rd, Somerville, AL, 35670 offers a 4.65% rental yield on a $715,000 purchase with $2,770/mo rent. 6% in year one. Equity gained on principal adds $4,614/yr while 5% annual appreciation supports $197,541 over five years. Portfolio math shows five-year ROI at 68.26% and total cumulative return in cash at $160,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,770/mo property income against a $3,500/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35670, Somerville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,599 (100%) |
| Owner Occupied HU | 2,718 (75.5%) |
| Renter Occupied HU | 532 (14.8%) |
| Vacant Housing Units | 349 ( 9.7%) |
| Median Home Value | $260,526 |
| Average Home Value | $262,934 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,357
Multi-Family
0
Businesses
141
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Listed by: Daniel Cothran • Kendall James Realty
Mls Name: ValleyMLS
Mls ID: #21894853