261 Rock DrGardendaleAL35071
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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 Gardendale at 261 Rock Dr, Gardendale, AL, 35071 uses $111,716 cash to close to unlock $4,143/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $2,247/mo, and a $1,649/mo payment keeps the spread at $345/mo. Purchase price stands at $337,000, and rental yield measures 8% with $2,247/mo rent. Return on cash invested shows 23.62% in year one, and 5% annual appreciation builds toward $93,107 over five years. Five-year ROI reaches 122.04% and total cumulative return in cash records $136,332. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,247/mo property income covering a $1,649/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35071, Gardendale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,328 (100%) |
| Owner Occupied HU | 5,434 (74.2%) |
| Renter Occupied HU | 1,483 (20.2%) |
| Vacant Housing Units | 411 ( 5.6%) |
| Median Home Value | $305,155 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
7,444
Single Family
6,835
Multi-Family
609
Businesses
673
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Listed by: Julee Knox • RE/MAX on Main
Mls Name: GALMLS
Mls ID: #21439740