229 Steppe CtHuntsvilleAL35811
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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
Investment property for sale in Huntsville at 229 Steppe Ct, Huntsville, AL, 35811 uses $82,212 cash to close to unlock $6,120/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $1,910/mo, and a $1,214/mo payment keeps the spread at $510/mo. Purchase price stands at $248,000, and rental yield measures 9.24% with $1,910/mo rent. Return on cash invested shows 27.35% in year one, and 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 142.04% and total cumulative return in cash records $116,778. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,910/mo property income covering a $1,214/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35811, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,612 (100%) |
| Owner Occupied HU | 9,721 (66.5%) |
| Renter Occupied HU | 2,936 (20.1%) |
| Vacant Housing Units | 1,955 (13.4%) |
| Median Home Value | $303,251 |
| Average Home Value | $349,207 |
Housing Distribution
Address Breakdown
Residential
13,305
Single Family
13,153
Multi-Family
152
Businesses
652
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Listed by: Mary E Rogers • Doyle Real Estate Agency Inc
Mls Name: Strategic MLS Alliance
Mls ID: #524629