2005 College St SEDecaturAL35601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Decatur at 2005 College St SE, Decatur, AL, 35601 priced at $181,000 converts $1,535/mo rent into $513/mo cash flow after a $886/mo obligation. Total monthly income equals $1,535/mo, and annual cash flow totals $6,159/yr on $60,002 invested. Return on cash invested prints 30.17% in year one, and rental yield reads 10.18% against a $181,000 entry. Equity gained on principal adds $1,168/yr, while 5% annual appreciation compiles into $50,007 by year five. Five-year ROI reaches 157.23% and total cumulative return in cash sums $94,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,535/mo property income covering a $886/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
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Listed by: Shawn Garth • MarMac Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21872422
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