370 Pats WaySpringvilleAL35146
Nearby investment properties with comparable rents
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 Springville at 370 Pats Way, Springville, AL, 35146 offers a 2.87% rental yield on a $849,900 purchase with $2,034/mo rent. 2% in year one. Equity gained on principal adds $5,484/yr while 5% annual appreciation supports $234,812 over five years. Portfolio math shows five-year ROI at 39.3% and total cumulative return in cash at $109,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
9.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35146, Springville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,081 (100%) |
| Owner Occupied HU | 4,314 (84.9%) |
| Renter Occupied HU | 541 (10.6%) |
| Vacant Housing Units | 226 ( 4.4%) |
| Median Home Value | $295,501 |
| Average Home Value | $327,701 |
Housing Distribution
Address Breakdown
Residential
5,035
Single Family
5,035
Multi-Family
0
Businesses
324
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sonia Treadwell • Keller Williams Trussville
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402723
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.