2304 Spaulding PlMoodyAL35004
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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 Moody at 2304 Spaulding Pl, Moody, AL, 35004 uses $86,190 cash to close to unlock $3,972/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,836/mo, and a $1,273/mo payment keeps the spread at $331/mo. Purchase price stands at $260,000, and rental yield measures 8.47% with $1,836/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 127.02% and total cumulative return in cash records $109,481. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,836/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
$325 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35004, Moody, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,250 (100%) |
| Owner Occupied HU | 3,906 (74.4%) |
| Renter Occupied HU | 1,142 (21.8%) |
| Vacant Housing Units | 202 ( 3.8%) |
| Median Home Value | $231,727 |
| Average Home Value | $257,922 |
Housing Distribution
Address Breakdown
Residential
4,945
Single Family
4,614
Multi-Family
331
Businesses
402
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Listed by: Allyson Pelkey • Vulcan Realty, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419986
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.