2603 Elderdale Dr SEOwens Cross RoadsAL35763
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
Investment property for sale in Owens Cross Roads at 2603 Elderdale Dr SE, Owens Cross Roads, AL, 35763 earns $3/mo cash flow from $2,515/mo rent with a $2,178/mo payment. Total monthly income totals $2,515/mo, and annual cash flow totals $40/yr on $147,484 capital. ROI tracks 19.94% on current figures, and rental yield reads 6.78% at a $444,900 purchase. Equity gained on principal adds $2,871/yr, and 5% annual appreciation supports $122,918 over five years. Five-year ROI reaches 102.28% and total cumulative return in cash sums $150,853. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,515/mo property income instead of your personal income.
Single Family
Built in 1995
0.33 Acres lot
$N/A/sqft
No 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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Listed by: Estelle Phillips • Coldwell Banker First
Mls Name: ValleyMLS
Mls ID: #21899578