218 Nottingham DrCaleraAL35040
Nearby investment properties with comparable rents
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
Investment property for sale in Calera at 218 Nottingham Dr, Calera, AL, 35040 listed at $324,900 pairs $2,116/mo rent with a $1,590/mo payment to leave $229/mo cash flow. Total monthly income runs $2,116/mo, and annual cash flow reaches $2,747/yr on $107,704 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 7.82% at a $324,900 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,764 by year five. Five-year ROI tracks 116.01% and total cumulative return in cash totals $124,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,116/mo property income relative to a $1,590/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
7,405 sqft lot
$N/A/sqft
$300 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Siow • RealtySouth-Shelby Office
Mls Name: GALMLS
Mls Provider:
Mls ID: #21424841
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.