2144 Old Parrish Cordova RdCordovaAL35550
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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 Cordova at 2144 Old Parrish Cordova Rd, Cordova, AL, 35550 offers a 9.98% rental yield on a $160,000 purchase with $1,331/mo rent. Total monthly income registers $1,331/mo, and a $783/mo payment leaves $428/mo available for distribution. Annual cash flow reaches $5,136/yr on $53,040 to close, and return on cash invested stands at 29.59% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 154.05% and total cumulative return in cash at $81,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,331/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35550, Cordova, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,423 (100%) |
| Owner Occupied HU | 1,565 (64.6%) |
| Renter Occupied HU | 554 (22.9%) |
| Vacant Housing Units | 304 (12.5%) |
| Median Home Value | $118,269 |
| Average Home Value | $153,997 |
Housing Distribution
Address Breakdown
Residential
2,237
Single Family
2,132
Multi-Family
105
Businesses
80
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