2827 Sparrow WayEnterpriseAL36330
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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 Enterprise at 2827 Sparrow Way, Enterprise, AL, 36330 uses $81,218 cash to close to unlock $6,603/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $1,933/mo, and a $1,199/mo payment keeps the spread at $550/mo. Purchase price stands at $245,000, and rental yield measures 9.47% with $1,933/mo rent. Return on cash invested shows 28.04% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 145.77% and total cumulative return in cash records $118,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,933/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 2004
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36330, Enterprise, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,114 (100%) |
| Owner Occupied HU | 10,241 (56.5%) |
| Renter Occupied HU | 6,186 (34.2%) |
| Vacant Housing Units | 1,687 ( 9.3%) |
| Median Home Value | $209,432 |
| Average Home Value | $245,288 |
Housing Distribution
Address Breakdown
Residential
16,828
Single Family
15,489
Multi-Family
1,339
Businesses
999
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Listed by: MARTHA RILEY • ICISIC Real Estate Services
Mls Name: Wiregrass BOR
Mls ID: #555080