2353 3rd Way NWFayetteAL35555
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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 Fayette at 2353 3rd Way NW, Fayette, AL, 35555 offers a 19.12% rental yield on a $150,000 purchase with $2,390/mo rent. Total monthly income registers $2,390/mo, and a $734/mo payment leaves $1,539/mo available for distribution. Annual cash flow reaches $18,469/yr on $49,725 to close, and return on cash invested stands at 57.05% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 301.45% and total cumulative return in cash at $149,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,390/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35555, Fayette, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,507 (100%) |
| Owner Occupied HU | 2,740 (60.8%) |
| Renter Occupied HU | 1,038 (23.0%) |
| Vacant Housing Units | 729 (16.2%) |
| Median Home Value | $171,483 |
| Average Home Value | $279,089 |
Housing Distribution
Address Breakdown
Residential
4,213
Single Family
4,034
Multi-Family
179
Businesses
446
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Listed by: Sandy Nguyen (Binh) • Goal Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21392466
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.