2940 Hood Rd SW APT IHuntsvilleAL35805
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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 Huntsville at 2940 Hood Rd SW APT I, Huntsville, AL, 35805 priced at $107,400 converts $830/mo rent into $223/mo cash flow after a $526/mo obligation. Total monthly income equals $830/mo, and annual cash flow totals $2,681/yr on $35,603 invested. Return on cash invested prints 27.44% in year one, and rental yield reads 9.27% against a $107,400 entry. Equity gained on principal adds $693/yr, while 5% annual appreciation compiles into $29,673 by year five. Five-year ROI reaches 142.57% and total cumulative return in cash sums $50,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $830/mo property income covering a $526/mo payment, not borrower’s personal income.
Condo
Built in 1982
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35805, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,693 (100%) |
| Owner Occupied HU | 2,909 (22.9%) |
| Renter Occupied HU | 8,011 (63.1%) |
| Vacant Housing Units | 1,773 (14.0%) |
| Median Home Value | $108,828 |
| Average Home Value | $204,304 |
Housing Distribution
Address Breakdown
Residential
10,290
Single Family
8,680
Multi-Family
1,610
Businesses
1,181
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Listed by: David Edwards • Hamlett Property Management
Mls Name: ValleyMLS
Mls ID: #21887591