404 NW 3rd StSummerdaleAL36580
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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 Summerdale at 404 NW 3rd St, Summerdale, AL, 36580 generates $2,100/mo in rent and, after a $1,566/mo payment, leaves $294/mo in cash flow. Total monthly income is $2,100/mo, and annual cash flow is $3,529/yr on $106,047 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 7.88% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 120.02% and total cumulative return in cash sums $127,280. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36580, Summerdale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 2,223 (71.9%) |
| Renter Occupied HU | 548 (17.7%) |
| Vacant Housing Units | 319 (10.3%) |
| Median Home Value | $342,723 |
| Average Home Value | $409,308 |
Housing Distribution
Address Breakdown
Residential
2,647
Single Family
2,647
Multi-Family
0
Businesses
221
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Listed by: Todd Hull • Southern Roots Real Estate
Mls Name: Baldwin Realtors
Mls ID: #388562