21 Farm CtSpringvilleAL35146
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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 Springville at 21 Farm Ct, Springville, AL, 35146 priced at $485,000 converts $2,760/mo rent into after a $2,374/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 19.54% in year one, and rental yield reads 6.83% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 100.35% and total cumulative return in cash sums $161,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.60 Acres lot
$N/A/sqft
$860 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35146, Springville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,081 (100%) |
| Owner Occupied HU | 4,314 (84.9%) |
| Renter Occupied HU | 541 (10.6%) |
| Vacant Housing Units | 226 ( 4.4%) |
| Median Home Value | $295,501 |
| Average Home Value | $327,701 |
Housing Distribution
Address Breakdown
Residential
5,035
Single Family
5,035
Multi-Family
0
Businesses
324
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Listed by: Dede Markle • RE/MAX Marketplace
Mls Name: GALMLS
Mls Provider:
Mls ID: #21395864
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.