355 Parkway CirMontevalloAL35115
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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 Montevallo at 355 Parkway Cir, Montevallo, AL, 35115 priced at $246,400 converts $2,214/mo rent into $823/mo cash flow after a $1,206/mo obligation. Total monthly income equals $2,214/mo, and annual cash flow totals $9,878/yr on $81,682 invested. Return on cash invested prints 32% in year one, and rental yield reads 10.78% against a $246,400 entry. Equity gained on principal adds $1,590/yr, while 5% annual appreciation compiles into $68,076 by year five. Five-year ROI reaches 167.03% and total cumulative return in cash sums $136,436. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,214/mo property income covering a $1,206/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35115, Montevallo, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,341 (100%) |
| Owner Occupied HU | 4,029 (63.5%) |
| Renter Occupied HU | 1,782 (28.1%) |
| Vacant Housing Units | 530 ( 8.4%) |
| Median Home Value | $233,994 |
| Average Home Value | $308,258 |
Housing Distribution
Address Breakdown
Residential
6,312
Single Family
6,203
Multi-Family
109
Businesses
302
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Listed by: Brandelyn Nelson • Team Lehman LLC
Mls Name: GALMLS
Mls ID: #21429723