2024 Austin Dr NECullmanAL35058
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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 Cullman at 2024 Austin Dr NE, Cullman, AL, 35058 offers $2,275/mo rent that, after a $1,857/mo payment, leaves $133/mo cash flow. Total monthly income is $2,275/mo, and annual cash flow is $1,600/yr on $125,804 cash. Return on cash invested measures 21.18% in year one, and rental yield stands at 7.19% at a $379,500 entry. Equity gained on principal adds $2,449/yr while 5% annual appreciation compounds into $104,849 by year five. Five-year ROI records 108.97% and total cumulative return in cash reaches $137,088. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,275/mo property income versus a $1,857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 2021
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35058, Cullman, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,205 (100%) |
| Owner Occupied HU | 3,767 (72.4%) |
| Renter Occupied HU | 1,041 (20.0%) |
| Vacant Housing Units | 397 ( 7.6%) |
| Median Home Value | $237,469 |
| Average Home Value | $288,506 |
Housing Distribution
Address Breakdown
Residential
4,991
Single Family
4,991
Multi-Family
0
Businesses
321
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