21 County Road 1583CullmanAL35058
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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
Investment property for sale in Cullman at 21 County Road 1583, Cullman, AL, 35058 uses $43,095 cash to close to unlock $3,486/yr annual cash flow and $291/mo monthly cash flow. Total monthly income runs $1,024/mo, and a $636/mo payment keeps the spread at $291/mo. Purchase price stands at $130,000, and rental yield measures 9.45% with $1,024/mo rent. Return on cash invested shows 28% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 145.55% and total cumulative return in cash records $62,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,024/mo property income covering a $636/mo payment rather than investor’s personal income.
Manufactured
Built in 2019
0.80 Acres 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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Listed by: Barry Lawrence • HAPPY HOMES REAL ESTATE
Mls Name: Strategic MLS Alliance
Mls ID: #521847
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.