321 Farmingdale LnHarpersvilleAL35078
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
Rental property for sale in Harpersville at 321 Farmingdale Ln, Harpersville, AL, 35078 priced at $269,900 pairs $2,509/mo rent with $986/mo cash flow after a $1,321/mo payment. Total monthly income equals $2,509/mo, and annual cash flow comes to $11,827/yr on $89,472 invested. Return on cash invested is 33.13% in year one, and rental yield stands at 11.16% on a $269,900 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,568 by year five. Five-year ROI measures 173.04% and total cumulative return in cash reaches $154,818. For financing, Ziffy Mortgage’s DSCR program evaluates $2,509/mo property income against a $1,321/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35078, Harpersville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 950 (100%) |
| Owner Occupied HU | 694 (73.1%) |
| Renter Occupied HU | 139 (14.6%) |
| Vacant Housing Units | 117 (12.3%) |
| Median Home Value | $212,319 |
| Average Home Value | $295,461 |
Housing Distribution
Address Breakdown
Residential
890
Single Family
890
Multi-Family
0
Businesses
85
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Listed by: Nathan Dunaway • IXL Real Estate Birmingham
Mls Name: GALMLS
Mls ID: #21424637