249 High Ridge DrPelhamAL35124
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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 Pelham at 249 High Ridge Dr, Pelham, AL, 35124 priced at $248,000 pairs $2,037/mo rent with $625/mo cash flow after a $1,214/mo payment. Total monthly income equals $2,037/mo, and annual cash flow comes to $7,494/yr on $82,212 invested. Return on cash invested is 29.02% in year one, and rental yield stands at 9.86% on a $248,000 basis. Equity gained on principal adds $1,600/yr, and 5% annual appreciation accumulates to $68,518 by year five. Five-year ROI measures 151.09% and total cumulative return in cash reaches $124,218. For financing, Ziffy Mortgage’s DSCR program evaluates $2,037/mo property income against a $1,214/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
10,454 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35124, Pelham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,280 (100%) |
| Owner Occupied HU | 8,765 (77.7%) |
| Renter Occupied HU | 2,140 (19.0%) |
| Vacant Housing Units | 375 ( 3.3%) |
| Median Home Value | $337,511 |
| Average Home Value | $374,292 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,486
Multi-Family
525
Businesses
1,614
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Listed by: Ashley Ethridge • ARC Realty - Homewood
Mls Name: GALMLS
Mls Provider:
Mls ID: #21425924
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.