261 Grey Oaks 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
Investment property for sale in Pelham at 261 Grey Oaks Dr, Pelham, AL, 35124 uses $165,717 cash to close to unlock $5,276/yr annual cash flow and $440/mo monthly cash flow. Total monthly income runs $3,337/mo, and a $2,447/mo payment keeps the spread at $440/mo. Purchase price stands at $499,900, and rental yield measures 8.01% with $3,337/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 119.4% and total cumulative return in cash records $197,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,337/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 2014
0.52 Acres lot
$N/A/sqft
$400 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: Leighton Harbuck • ARC Realty - Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412436
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.