404 Woodland Ct NECenter PointAL35215
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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 Center Point at 404 Woodland Ct NE, Center Point, AL, 35215 priced at $229,900 converts $1,619/mo rent into $322/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,619/mo, and annual cash flow totals $3,859/yr on $76,212 invested. Return on cash invested prints 24.97% in year one, and rental yield reads 8.45% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 129.3% and total cumulative return in cash sums $98,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,619/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
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Listed by: Darnell Williams • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21403726
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.