2961 Summit DrFultondaleAL35068
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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 Fultondale at 2961 Summit Dr, Fultondale, AL, 35068 listed at $260,000 pairs $2,429/mo rent with a $1,273/mo payment to leave $961/mo cash flow. Total monthly income runs $2,429/mo, and annual cash flow reaches $11,532/yr on $86,190 cash to close. Return on cash invested measures 33.29% in year one, and rental yield registers 11.21% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 173.86% and total cumulative return in cash totals $149,849. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,429/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35068, Fultondale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 2,448 (60.4%) |
| Renter Occupied HU | 1,370 (33.8%) |
| Vacant Housing Units | 232 ( 5.7%) |
| Median Home Value | $219,331 |
| Average Home Value | $237,145 |
Housing Distribution
Address Breakdown
Residential
3,875
Single Family
3,234
Multi-Family
641
Businesses
289
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Listed by: Timothy A Taylor • Barnes & Associates
Mls Name: GALMLS
Mls ID: #21438464