3120 Wisteria LnNorthportAL35473
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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
Rental property for sale in Northport at 3120 Wisteria Ln, Northport, AL, 35473 generates $2,017/mo in rent and, after a $1,224/mo payment, leaves $606/mo in cash flow. Total monthly income is $2,017/mo, and annual cash flow is $7,266/yr on $82,875 invested. Return on cash invested sits at 28.68% in year one, and rental yield is 9.68% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 149.18% and total cumulative return in cash sums $123,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,017/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35473, Northport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,684 (100%) |
| Owner Occupied HU | 5,717 (65.8%) |
| Renter Occupied HU | 2,419 (27.9%) |
| Vacant Housing Units | 548 ( 6.3%) |
| Median Home Value | $277,844 |
| Average Home Value | $372,403 |
Housing Distribution
Address Breakdown
Residential
7,688
Single Family
6,852
Multi-Family
836
Businesses
315
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Listed by: Connor Woods • 1ST Class Real Estate Heritage Homes
Mls Name: WAMLS
Mls Provider:
Mls ID: #165791
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.