2308 13th St SEDecaturAL35601
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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 Decatur at 2308 13th St SE, Decatur, AL, 35601 offers a 8.49% rental yield on a $225,400 purchase with $1,594/mo rent. Total monthly income registers $1,594/mo, and a $1,103/mo payment leaves $322/mo available for distribution. Annual cash flow reaches $3,863/yr on $74,720 to close, and return on cash invested stands at 25.08% in year one. Equity gained on principal adds $1,454/yr while 5% annual appreciation supports $62,274 over five years. Portfolio math shows five-year ROI at 129.85% and total cumulative return in cash at $97,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,594/mo property income against a $1,103/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
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