208 County Road 244CullmanAL35057
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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
Total monthly income runs $1,558/mo, and a $2,203/mo payment. Purchase price stands at $450,000, and rental yield measures 4.15% with $1,558/mo rent. Return on cash invested shows 12.01% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 59.76% and total cumulative return in cash records $89,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35057, Cullman, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,502 (100%) |
| Owner Occupied HU | 4,634 (71.3%) |
| Renter Occupied HU | 1,044 (16.1%) |
| Vacant Housing Units | 824 (12.7%) |
| Median Home Value | $242,343 |
| Average Home Value | $300,679 |
Housing Distribution
Address Breakdown
Residential
6,221
Single Family
6,221
Multi-Family
0
Businesses
206
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Listed by: Darrell Sanderson • Joseph Carter Realty Lake & Local
Mls Name: GALMLS
Mls Provider:
Mls ID: #21421513
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.