315 3rd AveOdenvilleAL35120
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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 Odenville at 315 3rd Ave, Odenville, AL, 35120 uses $43,095 cash to close to unlock $2,775/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $997/mo, and a $636/mo payment keeps the spread at $231/mo. Purchase price stands at $130,000, and rental yield measures 9.2% with $997/mo rent. Return on cash invested shows 26.35% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 137.06% and total cumulative return in cash records $59,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $997/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35120, Odenville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,018 (100%) |
| Owner Occupied HU | 5,719 (81.5%) |
| Renter Occupied HU | 859 (12.2%) |
| Vacant Housing Units | 440 ( 6.3%) |
| Median Home Value | $239,131 |
| Average Home Value | $254,224 |
Housing Distribution
Address Breakdown
Residential
7,023
Single Family
7,023
Multi-Family
0
Businesses
233
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Listed by: Caroline Grimes • Sweet Homelife
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420418
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.