3020 Springfield CirChelseaAL35043
Nearby investment properties with comparable rents
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 Chelsea at 3020 Springfield Cir, Chelsea, AL, 35043 with 5% annual appreciation on a $389,900 basis while $2,416/mo rent supports operations. Total monthly income totals $2,416/mo and a $1,908/mo payment preserves $150/mo for cash returns. Annual cash flow comes to $1,794/yr on $129,252 deployed, and return on cash invested reaches 21.3% in year one. Equity gained on principal adds $2,516/yr, and five-year appreciation sums $107,722 alongside rental yield of 7.44%. Five-year ROI measures 109.8% and total cumulative return in cash totals $141,925.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,416/mo property income versus a $1,908/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
6,098 sqft lot
$N/A/sqft
$769 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35043, Chelsea, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,419 (100%) |
| Owner Occupied HU | 4,842 (89.4%) |
| Renter Occupied HU | 424 ( 7.8%) |
| Vacant Housing Units | 153 ( 2.8%) |
| Median Home Value | $382,884 |
| Average Home Value | $433,704 |
Housing Distribution
Address Breakdown
Residential
5,713
Single Family
5,713
Multi-Family
0
Businesses
387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Wilks • Sold South Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21415033
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.