2041 Park Springs LnChelseaAL35043
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
Investment property for sale in Chelsea at 2041 Park Springs Ln, Chelsea, AL, 35043 uses $129,285 cash to close to unlock $3,352/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $2,580/mo, and a $1,909/mo payment keeps the spread at $279/mo. Purchase price stands at $390,000, and rental yield measures 7.94% with $2,580/mo rent. Return on cash invested shows 22.5% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 116.38% and total cumulative return in cash records $150,464. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,580/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,583 sqft lot
$N/A/sqft
$1,100 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leigh Cound • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417906
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.