2445 Cove RdPiedmontAL36272
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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 Piedmont at 2445 Cove Rd, Piedmont, AL, 36272 with 5% annual appreciation on a $122,000 basis while $921/mo rent supports operations. Total monthly income totals $921/mo and a $597/mo payment preserves $233/mo for cash returns. Annual cash flow comes to $2,790/yr on $40,443 deployed, and return on cash invested reaches 26.81% in year one. Equity gained on principal adds $787/yr, and five-year appreciation sums $33,706 alongside rental yield of 9.06%. Five-year ROI measures 139.19% and total cumulative return in cash totals $56,291.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $921/mo property income versus a $597/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2003
2.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36272, Piedmont, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,988 (100%) |
| Owner Occupied HU | 4,062 (67.8%) |
| Renter Occupied HU | 1,138 (19.0%) |
| Vacant Housing Units | 788 (13.2%) |
| Median Home Value | $161,014 |
| Average Home Value | $181,000 |
Housing Distribution
Address Breakdown
Residential
5,681
Single Family
5,681
Multi-Family
0
Businesses
332
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Listed by: Lindsey Hammond • Triple R Real Estate
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402129
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.