3009 Summit LnFultondaleAL35068
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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 3009 Summit Ln, Fultondale, AL, 35068 uses $74,554 cash to close to unlock $3,777/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $1,624/mo, and a $1,101/mo payment keeps the spread at $315/mo. Purchase price stands at $224,900, and rental yield measures 8.67% with $1,624/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 129.56% and total cumulative return in cash records $96,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,624/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
N/A lot
$N/A/sqft
$475 annually 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: Mari Wohlfarth • RealtySouth-Inverness Office
Mls Name: GALMLS
Mls Provider:
Mls ID: #21415289
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.