3003 Melrose Pl NWHuntsvilleAL35810
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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
Investment property for sale in Huntsville at 3003 Melrose Pl NW, Huntsville, AL, 35810 earns $1,175/mo cash flow from $1,852/mo rent with a $587/mo payment. Total monthly income totals $1,852/mo, and annual cash flow totals $14,100/yr on $39,780 capital. ROI tracks 55.35% on current figures, and rental yield reads 18.52% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 292.17% and total cumulative return in cash sums $116,227. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,852/mo property income instead of your personal income.
Single Family
Built in N/A
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35810, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,650 (100%) |
| Owner Occupied HU | 7,205 (57.0%) |
| Renter Occupied HU | 4,421 (34.9%) |
| Vacant Housing Units | 1,024 ( 8.1%) |
| Median Home Value | $163,913 |
| Average Home Value | $245,813 |
Housing Distribution
Address Breakdown
Residential
12,609
Single Family
11,897
Multi-Family
712
Businesses
736
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Listed by: Ashleigh Green • KW Huntsville Keller Williams
Mls Name: ValleyMLS
Mls ID: #21903037