2008 Springfield DrChelseaAL35043
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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 Chelsea at 2008 Springfield Dr, Chelsea, AL, 35043 priced at $282,500 pairs $2,105/mo rent with $365/mo cash flow after a $1,383/mo payment. Total monthly income equals $2,105/mo, and annual cash flow comes to $4,374/yr on $93,649 invested. Return on cash invested is 24.58% in year one, and rental yield stands at 8.94% on a $282,500 basis. Equity gained on principal adds $1,823/yr, and 5% annual appreciation accumulates to $78,050 by year five. Five-year ROI measures 127.88% and total cumulative return in cash reaches $119,762. For financing, Ziffy Mortgage’s DSCR program evaluates $2,105/mo property income against a $1,383/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
5,662 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35043, Chelsea, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,419 (100%) |
| Owner Occupied HU | 4,842 (89.4%) |
| Renter Occupied HU | 424 ( 7.8%) |
| Vacant Housing Units | 153 ( 2.8%) |
| Median Home Value | $382,884 |
| Average Home Value | $433,704 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,713
Multi-Family
0
Businesses
387
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Listed by: Melissa Garrett • Alabama Classic Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21389756
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.