2006 Spruce CvSpringvilleAL35146
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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 Springville at 2006 Spruce Cv, Springville, AL, 35146 generates $1,483/mo in rent and, after a $1,028/mo payment, leaves $188/mo in cash flow. Total monthly income is $1,483/mo, and annual cash flow is $2,250/yr on $69,615 invested. Return on cash invested sits at 23.14% in year one, and rental yield is 8.47% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 120.19% and total cumulative return in cash sums $83,668. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,483/mo property income rather than buyer’s personal income.
Townhouse
Built in 2008
N/A lot
$N/A/sqft
$110 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35146, Springville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,081 (100%) |
| Owner Occupied HU | 4,314 (84.9%) |
| Renter Occupied HU | 541 (10.6%) |
| Vacant Housing Units | 226 ( 4.4%) |
| Median Home Value | $295,501 |
| Average Home Value | $327,701 |
Housing Distribution
Address Breakdown
Residential
5,035
Single Family
5,035
Multi-Family
0
Businesses
324
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Listed by: Vivian Drake • Main Street Realty, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21406593
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.