403 Homewood Dr SWHuntsvilleAL35801
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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 Huntsville at 403 Homewood Dr SW, Huntsville, AL, 35801 offers a 8.35% rental yield on a $424,728 purchase with $2,956/mo rent. Total monthly income registers $2,956/mo, and a $2,079/mo payment leaves $558/mo available for distribution. Annual cash flow reaches $6,701/yr on $140,797 to close, and return on cash invested stands at 24.67% in year one. Equity gained on principal adds $2,741/yr while 5% annual appreciation supports $117,345 over five years. Portfolio math shows five-year ROI at 127.66% and total cumulative return in cash at $179,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,956/mo property income against a $2,079/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35801, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,461 (100%) |
| Owner Occupied HU | 6,732 (54.0%) |
| Renter Occupied HU | 4,824 (38.7%) |
| Vacant Housing Units | 905 ( 7.3%) |
| Median Home Value | $462,792 |
| Average Home Value | $540,252 |
Housing Distribution
Address Breakdown
Residential
11,234
Single Family
10,105
Multi-Family
1,129
Businesses
2,488
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Listed by: Allison Click • Leading Edge, R.E. Group
Mls Name: ValleyMLS
Mls ID: #21893885