218 Carl Nichols DrPelhamAL35124
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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 Pelham at 218 Carl Nichols Dr, Pelham, AL, 35124 priced at $219,900 converts $1,670/mo rent into $308/mo cash flow after a $1,076/mo obligation. Total monthly income equals $1,670/mo, and annual cash flow totals $3,700/yr on $72,897 invested. Return on cash invested prints 24.98% in year one, and rental yield reads 9.11% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 130.1% and total cumulative return in cash sums $94,840. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,670/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Townhouse
Built in 1988
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35124, Pelham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,280 (100%) |
| Owner Occupied HU | 8,765 (77.7%) |
| Renter Occupied HU | 2,140 (19.0%) |
| Vacant Housing Units | 375 ( 3.3%) |
| Median Home Value | $337,511 |
| Average Home Value | $374,292 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,486
Multi-Family
525
Businesses
1,614
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Listed by: Danny Burns • ARC Realty - Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416733
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.