2806 Ridgeway RdPell CityAL35128
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
Rental property for sale in Pell City at 2806 Ridgeway Rd, Pell City, AL, 35128 priced at $204,000 pairs $2,016/mo rent with $865/mo cash flow after a $998/mo payment. Total monthly income equals $2,016/mo, and annual cash flow comes to $10,380/yr on $67,626 invested. Return on cash invested is 35.26% in year one, and rental yield stands at 11.86% on a $204,000 basis. Equity gained on principal adds $1,316/yr, and 5% annual appreciation accumulates to $56,361 by year five. Five-year ROI measures 184.43% and total cumulative return in cash reaches $124,720. For financing, Ziffy Mortgage’s DSCR program evaluates $2,016/mo property income against a $998/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35128, Pell City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,275 (100%) |
| Owner Occupied HU | 3,881 (73.6%) |
| Renter Occupied HU | 880 (16.7%) |
| Vacant Housing Units | 514 ( 9.7%) |
| Median Home Value | $329,044 |
| Average Home Value | $345,017 |
Housing Distribution
Address Breakdown
Residential
4,830
Single Family
4,830
Multi-Family
0
Businesses
204
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Anderson • LAKE HOMES REALTY LLC dba LHR of West Alabama
Mls Name: GALMLS
Mls Provider:
Mls ID: #21396931
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.