3649 Pope AveSteeleAL35987
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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 Steele at 3649 Pope Ave, Steele, AL, 35987 priced at $195,000 pairs $1,380/mo rent with $280/mo cash flow after a $954/mo payment. Total monthly income equals $1,380/mo, and annual cash flow comes to $3,357/yr on $64,643 invested. Return on cash invested is 25.1% in year one, and rental yield stands at 8.49% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 129.98% and total cumulative return in cash reaches $84,022. For financing, Ziffy Mortgage’s DSCR program evaluates $1,380/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
0.33 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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