2109 Cleveland AveCastleberryAL36432
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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 Castleberry at 2109 Cleveland Ave, Castleberry, AL, 36432 generates $1,093/mo in rent and, after a $675/mo payment, leaves $315/mo in cash flow. Total monthly income is $1,093/mo, and annual cash flow is $3,774/yr on $45,747 invested. Return on cash invested sits at 28.16% in year one, and rental yield is 9.5% on a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 146.41% and total cumulative return in cash sums $66,978. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,093/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36432, Castleberry, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,253 (100%) |
| Owner Occupied HU | 837 (66.8%) |
| Renter Occupied HU | 192 (15.3%) |
| Vacant Housing Units | 224 (17.9%) |
| Median Home Value | $117,167 |
| Average Home Value | $163,510 |
Housing Distribution
Address Breakdown
Residential
1,118
Single Family
1,117
Multi-Family
1
Businesses
45
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Listed by: Noah Pettis • TRUE SOUTHERN REALTY LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #364680
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.