401 Midridge LnPelhamAL35124
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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 Pelham at 401 Midridge Ln, Pelham, AL, 35124 listed at $207,500 pairs $2,357/mo rent with a $1,016/mo payment to leave $1,066/mo cash flow. Total monthly income runs $2,357/mo, and annual cash flow reaches $12,789/yr on $68,786 cash to close. Return on cash invested measures 38.5% in year one, and rental yield registers 13.63% at a $207,500 basis. Equity gained on principal adds $1,339/yr, and annual property appreciation at 5% supports $57,328 by year five. Five-year ROI tracks 202.59% and total cumulative return in cash totals $139,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,357/mo property income relative to a $1,016/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2003
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35124, Pelham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,280 (100%) |
| Owner Occupied HU | 8,765 (77.7%) |
| Renter Occupied HU | 2,140 (19.0%) |
| Vacant Housing Units | 375 ( 3.3%) |
| Median Home Value | $337,511 |
| Average Home Value | $374,292 |
Housing Distribution
Address Breakdown
Residential
11,011
Single Family
10,486
Multi-Family
525
Businesses
1,614
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Listed by: Sal Jan • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21379851
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.