2405 Nolen DrAlexander CityAL35010
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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 Alexander City at 2405 Nolen Dr, Alexander City, AL, 35010 offers a 10.48% rental yield on a $164,100 purchase with $1,433/mo rent. Total monthly income registers $1,433/mo, and a $803/mo payment leaves $507/mo available for distribution. Annual cash flow reaches $6,083/yr on $54,399 to close, and return on cash invested stands at 31.09% in year one. Equity gained on principal adds $1,059/yr while 5% annual appreciation supports $45,338 over five years. Portfolio math shows five-year ROI at 162.08% and total cumulative return in cash at $88,169. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,433/mo property income against a $803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35010, Alexander City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,913 (100%) |
| Owner Occupied HU | 5,693 (52.2%) |
| Renter Occupied HU | 2,895 (26.5%) |
| Vacant Housing Units | 2,325 (21.3%) |
| Median Home Value | $146,379 |
| Average Home Value | $244,149 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
9,322
Multi-Family
534
Businesses
699
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