317 3rd CtPleasant GroveAL35127
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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 Pleasant Grove at 317 3rd Ct, Pleasant Grove, AL, 35127 uses $34,808 cash to close to unlock $1,778/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $792/mo, and a $514/mo payment keeps the spread at $148/mo. Purchase price stands at $105,000, and rental yield measures 9.05% with $792/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 130.29% and total cumulative return in cash records $45,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $792/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35127, Pleasant Grove, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,731 (100%) |
| Owner Occupied HU | 2,968 (79.5%) |
| Renter Occupied HU | 599 (16.1%) |
| Vacant Housing Units | 164 ( 4.4%) |
| Median Home Value | $243,053 |
| Average Home Value | $325,932 |
Housing Distribution
Address Breakdown
Residential
3,820
Single Family
3,820
Multi-Family
0
Businesses
151
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Listed by: Hugh Morrow • RE/MAX Preferred
Mls Name: GALMLS
Mls Provider:
Mls ID: #21413402
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.