404 Terrace DrHeadlandAL36345
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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 Headland at 404 Terrace Dr, Headland, AL, 36345 priced at $110,000 pairs $876/mo rent with $236/mo cash flow after a $538/mo payment. Total monthly income equals $876/mo, and annual cash flow comes to $2,837/yr on $36,465 invested. Return on cash invested is 27.69% in year one, and rental yield stands at 9.56% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 144.14% and total cumulative return in cash reaches $52,560. For financing, Ziffy Mortgage’s DSCR program evaluates $876/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36345, Headland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,642 (100%) |
| Owner Occupied HU | 2,580 (70.8%) |
| Renter Occupied HU | 762 (20.9%) |
| Vacant Housing Units | 300 ( 8.2%) |
| Median Home Value | $195,139 |
| Average Home Value | $232,949 |
Housing Distribution
Address Breakdown
Residential
3,874
Single Family
3,874
Multi-Family
0
Businesses
262
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Listed by: Mickey Walker • Walker Realty, Inc.
Mls Name: SAMLS
Mls ID: #203435
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.