3142 Mead Way SEDecaturAL35603
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 Decatur at 3142 Mead Way SE, Decatur, AL, 35603 listed at $246,762 pairs $1,200/mo rent with a $1,208/mo payment. Total monthly income runs $1,200/mo. Return on cash invested measures 15.24% in year one, and rental yield registers 5.84% at a $246,762 basis. Equity gained on principal adds $1,592/yr, and annual property appreciation at 5% supports $68,176 by year five. Five-year ROI tracks 77.75% and total cumulative return in cash totals $63,601. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $1,208/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in N/A
N/A lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35603, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,772 (100%) |
| Owner Occupied HU | 9,786 (66.2%) |
| Renter Occupied HU | 4,228 (28.6%) |
| Vacant Housing Units | 758 ( 5.1%) |
| Median Home Value | $258,997 |
| Average Home Value | $295,900 |
Housing Distribution
Address Breakdown
Residential
14,489
Single Family
13,004
Multi-Family
1,485
Businesses
624
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Listed by: Kevin Holaday • Davidson Homes LLC 4
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21886409
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