3602 Beason Cove RdSteeleAL35987
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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
Investment property for sale in Steele at 3602 Beason Cove Rd, Steele, AL, 35987 listed at $639,900 pairs $1,949/mo rent with a $3,132/mo payment. Total monthly income runs $1,949/mo. Return on cash invested measures 10.58% in year one, and rental yield registers 3.65% at a $639,900 basis. Equity gained on principal adds $4,129/yr, and annual property appreciation at 5% supports $176,793 by year five. Five-year ROI tracks 52.09% and total cumulative return in cash totals $109,667. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,949/mo property income relative to a $3,132/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35987, Steele, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 954 (75.8%) |
| Renter Occupied HU | 164 (13.0%) |
| Vacant Housing Units | 141 (11.2%) |
| Median Home Value | $192,568 |
| Average Home Value | $229,827 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,152
Multi-Family
0
Businesses
85
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Nearby investment properties with comparable prices
Listed by: Katie Maples • Impact Realty, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21885607
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