308 Farmingdale LnHarpersvilleAL35078
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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 Harpersville at 308 Farmingdale Ln, Harpersville, AL, 35078 uses $96,102 cash to close to unlock $10,399/yr annual cash flow and $867/mo monthly cash flow. Total monthly income runs $2,503/mo, and a $1,419/mo payment keeps the spread at $867/mo. Purchase price stands at $289,900, and rental yield measures 10.36% with $2,503/mo rent. Return on cash invested shows 30.73% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 160.16% and total cumulative return in cash records $153,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,503/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35078, Harpersville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 694 (73.1%) |
| Renter Occupied HU | 139 (14.6%) |
| Vacant Housing Units | 117 (12.3%) |
| Median Home Value | $212,319 |
| Average Home Value | $295,461 |
Housing Distribution
Address Breakdown
Residential
890
Single Family
890
Multi-Family
0
Businesses
85
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Listed by: Bruce Calhoun • Keller Williams Metro South
Mls Name: GALMLS
Mls ID: #21421183