3305 Margerum RdCherokeeAL35616
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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 Cherokee at 3305 Margerum Rd, Cherokee, AL, 35616 earns from $3,026/mo rent with a $7,826/mo payment. Total monthly income totals $3,026/mo. ROI tracks 6.47% on current figures, and rental yield reads 2.27% at a $1,599,000 purchase. Equity gained on principal adds $10,318/yr, and 5% annual appreciation supports $441,774 over five years. Five-year ROI reaches 29.97% and total cumulative return in cash sums $155,245. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,026/mo property income instead of your personal income.
Single Family
Built in 2014
38.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35616, Cherokee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,413 (60.1%) |
| Renter Occupied HU | 378 (16.1%) |
| Vacant Housing Units | 560 (23.8%) |
| Median Home Value | $139,015 |
| Average Home Value | $211,175 |
Housing Distribution
Address Breakdown
Residential
1,933
Single Family
1,933
Multi-Family
0
Businesses
98
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