2206 Norris Rd NWHuntsvilleAL35810
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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 Huntsville at 2206 Norris Rd NW, Huntsville, AL, 35810 generates $1,764/mo in rent and, after a $978/mo payment, leaves $636/mo in cash flow. Total monthly income is $1,764/mo, and annual cash flow is $7,633/yr on $66,267 invested. Return on cash invested sits at 31.43% in year one, and rental yield is 10.59% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 163.97% and total cumulative return in cash sums $108,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,764/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35810, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,650 (100%) |
| Owner Occupied HU | 7,205 (57.0%) |
| Renter Occupied HU | 4,421 (34.9%) |
| Vacant Housing Units | 1,024 ( 8.1%) |
| Median Home Value | $163,913 |
| Average Home Value | $245,813 |
Housing Distribution
Address Breakdown
Residential
12,609
Single Family
11,897
Multi-Family
712
Businesses
736
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Listed by: David Barnett • Elevate Property Mgmt & RE
Mls Name: ValleyMLS
Mls ID: #21894862