217 Park Village CirAlabasterAL35007
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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 Alabaster at 217 Park Village Cir, Alabaster, AL, 35007 priced at $179,900 converts $1,654/mo rent into $638/mo cash flow after a $881/mo obligation. Total monthly income equals $1,654/mo, and annual cash flow totals $7,657/yr on $59,637 invested. Return on cash invested prints 32.75% in year one, and rental yield reads 11.03% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 171.07% and total cumulative return in cash sums $102,021. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,654/mo property income covering a $881/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35007, Alabaster, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,730 (100%) |
| Owner Occupied HU | 8,592 (80.1%) |
| Renter Occupied HU | 1,767 (16.5%) |
| Vacant Housing Units | 371 ( 3.5%) |
| Median Home Value | $283,979 |
| Average Home Value | $334,122 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
9,866
Multi-Family
612
Businesses
1,121
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