318 Cherokee DrTrussvilleAL35173
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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 Trussville at 318 Cherokee Dr, Trussville, AL, 35173 priced at $389,000 pairs $2,304/mo rent with $108/mo cash flow after a $1,904/mo payment. Total monthly income equals $2,304/mo, and annual cash flow comes to $1,299/yr on $128,954 invested. Return on cash invested is 20.92% in year one, and rental yield stands at 7.11% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 107.55% and total cumulative return in cash reaches $138,690. For financing, Ziffy Mortgage’s DSCR program evaluates $2,304/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35173, Trussville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,820 (100%) |
| Owner Occupied HU | 10,116 (85.6%) |
| Renter Occupied HU | 1,187 (10.0%) |
| Vacant Housing Units | 517 ( 4.4%) |
| Median Home Value | $358,083 |
| Average Home Value | $390,275 |
Housing Distribution
Address Breakdown
Residential
12,172
Single Family
12,085
Multi-Family
87
Businesses
1,003
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Listed by: Angie Reeder • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls ID: #21436099