344 Inverness Dr SW #344HuntsvilleAL35802
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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 Huntsville at 344 Inverness Dr SW #344, Huntsville, AL, 35802 offers a 7.47% rental yield on a $248,749 purchase with $1,548/mo rent. Total monthly income registers $1,548/mo, and a $1,218/mo payment leaves $143/mo available for distribution. Annual cash flow reaches $1,721/yr on $82,460 to close, and return on cash invested stands at 22% in year one. Equity gained on principal adds $1,605/yr while 5% annual appreciation supports $68,725 over five years. Portfolio math shows five-year ROI at 113.34% and total cumulative return in cash at $93,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,548/mo property income against a $1,218/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35802, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,118 (100%) |
| Owner Occupied HU | 6,122 (50.5%) |
| Renter Occupied HU | 4,992 (41.2%) |
| Vacant Housing Units | 1,004 ( 8.3%) |
| Median Home Value | $370,762 |
| Average Home Value | $444,729 |
Housing Distribution
Address Breakdown
Residential
11,568
Single Family
8,142
Multi-Family
3,426
Businesses
680
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Listed by: Rachael Andree • KW Huntsville Keller Williams
Mls Name: ValleyMLS
Mls ID: #21907122