215 Waterford Lake DrCaleraAL35040
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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 Calera at 215 Waterford Lake Dr, Calera, AL, 35040 priced at $243,450 pairs $2,015/mo rent with $609/mo cash flow after a $1,192/mo payment. Total monthly income equals $2,015/mo, and annual cash flow comes to $7,307/yr on $80,704 invested. Return on cash invested is 28.96% in year one, and rental yield stands at 9.93% on a $243,450 basis. Equity gained on principal adds $1,571/yr, and 5% annual appreciation accumulates to $67,261 by year five. Five-year ROI measures 150.85% and total cumulative return in cash reaches $121,745. For financing, Ziffy Mortgage’s DSCR program evaluates $2,015/mo property income against a $1,192/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
8,015 sqft lot
$N/A/sqft
$378 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35040, Calera, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,401 (100%) |
| Owner Occupied HU | 6,245 (74.3%) |
| Renter Occupied HU | 1,775 (21.1%) |
| Vacant Housing Units | 381 ( 4.5%) |
| Median Home Value | $231,971 |
| Average Home Value | $254,467 |
Housing Distribution
Address Breakdown
Residential
8,121
Single Family
7,836
Multi-Family
285
Businesses
442
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Listed by: Zachary Snow • Adams Homes, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21384245
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.