237 Shannan St SWDecaturAL35603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Decatur at 237 Shannan St SW, Decatur, AL, 35603 priced at $236,800 converts $2,160/mo rent into $801/mo cash flow after a $1,159/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $9,616/yr on $78,499 invested. Return on cash invested prints 32.16% in year one, and rental yield reads 10.95% against a $236,800 entry. Equity gained on principal adds $1,528/yr, while 5% annual appreciation compiles into $65,423 by year five. Five-year ROI reaches 167.99% and total cumulative return in cash sums $131,874. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,159/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
$265 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35603, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,772 (100%) |
| Owner Occupied HU | 9,786 (66.2%) |
| Renter Occupied HU | 4,228 (28.6%) |
| Vacant Housing Units | 758 ( 5.1%) |
| Median Home Value | $258,997 |
| Average Home Value | $295,900 |
Housing Distribution
Address Breakdown
Residential
14,489
Single Family
13,004
Multi-Family
1,485
Businesses
624
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Nearby investment properties with comparable prices
Listed by: Matthew Figlesthaler • Lennar Homes Coastal Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21892473
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