261 Highway 437SterrettAL35147
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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 Sterrett at 261 Highway 437, Sterrett, AL, 35147 generates $1,361/mo in rent and, after a $685/mo payment, leaves $569/mo in cash flow. Total monthly income is $1,361/mo, and annual cash flow is $6,825/yr on $46,410 invested. Return on cash invested sits at 34.62% in year one, and rental yield is 11.67% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 181.04% and total cumulative return in cash sums $84,022. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,361/mo property income rather than buyer’s personal income.
Manufactured
Built in 1991
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35147, Sterrett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,404 (100%) |
| Owner Occupied HU | 2,001 (83.2%) |
| Renter Occupied HU | 279 (11.6%) |
| Vacant Housing Units | 124 ( 5.2%) |
| Median Home Value | $333,491 |
| Average Home Value | $387,453 |
Housing Distribution
Address Breakdown
Residential
2,291
Single Family
2,248
Multi-Family
43
Businesses
71
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Listed by: Karl Heckman • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21393210
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.