277 Cornerstone DrCaleraAL35040
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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 Calera at 277 Cornerstone Dr, Calera, AL, 35040 priced at $890,000 pairs $3,408/mo rent with after a $4,356/mo payment. Total monthly income equals $3,408/mo. Return on cash invested is 13.32% in year one, and rental yield stands at 4.6% on a $890,000 basis. Equity gained on principal adds $5,743/yr, and 5% annual appreciation accumulates to $245,891 by year five. Five-year ROI measures 66.79% and total cumulative return in cash reaches $195,556. For financing, Ziffy Mortgage’s DSCR program evaluates $3,408/mo property income against a $4,356/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
5.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35040, Calera, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,401 (100%) |
| Owner Occupied HU | 6,245 (74.3%) |
| Renter Occupied HU | 1,775 (21.1%) |
| Vacant Housing Units | 381 ( 4.5%) |
| Median Home Value | $231,971 |
| Average Home Value | $254,467 |
Housing Distribution
Address Breakdown
Residential
8,121
Single Family
7,836
Multi-Family
285
Businesses
442
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Listed by: Nadia Wallace • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21393921
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.