2362 Little Cove RdOwens Cross RoadsAL35763
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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 Owens Cross Roads at 2362 Little Cove Rd, Owens Cross Roads, AL, 35763 offers $2,640/mo rent that, after a $2,154/mo payment, leaves $86/mo cash flow. Total monthly income is $2,640/mo, and annual cash flow is $1,038/yr on $145,860 cash. Return on cash invested measures 20.62% in year one, and rental yield stands at 7.2% at a $440,000 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,564 by year five. Five-year ROI records 106.15% and total cumulative return in cash reaches $154,834. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $2,154/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.34 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35763, Owens Cross Roads, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,206 (100%) |
| Owner Occupied HU | 7,738 (84.1%) |
| Renter Occupied HU | 1,165 (12.7%) |
| Vacant Housing Units | 303 ( 3.3%) |
| Median Home Value | $436,995 |
| Average Home Value | $478,066 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
9,173
Multi-Family
0
Businesses
322
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Nearby investment properties with comparable prices
Listed by: Meghan Roden • Capstone Realty Stovehouse
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21878297
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