215 Iron CirMeridianvilleAL35759
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Nearby investment properties with comparable prices
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 Meridianville at 215 Iron Cir, Meridianville, AL, 35759 priced at $310,000 pairs $1,974/mo rent with $225/mo cash flow after a $1,517/mo payment. Total monthly income equals $1,974/mo, and annual cash flow comes to $2,694/yr on $102,765 invested. Return on cash invested is 22.53% in year one, and rental yield stands at 7.64% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 116.21% and total cumulative return in cash reaches $119,419. For financing, Ziffy Mortgage’s DSCR program evaluates $1,974/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35759, Meridianville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,413 (100%) |
| Owner Occupied HU | 4,647 (85.8%) |
| Renter Occupied HU | 536 ( 9.9%) |
| Vacant Housing Units | 230 ( 4.2%) |
| Median Home Value | $317,342 |
| Average Home Value | $350,392 |
Housing Distribution
Address Breakdown
Residential
5,332
Single Family
5,332
Multi-Family
0
Businesses
235
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Listed by: Howard Wright • Morgan Real Estate, LLC
Mls Name: ValleyMLS
Mls ID: #21901286