405 3rd St SECullmanAL35055
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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 Cullman at 405 3rd St SE, Cullman, AL, 35055 offers a 8.12% rental yield on a $275,000 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $1,346/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,693/yr on $91,163 to close, and return on cash invested stands at 23.96% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 123.84% and total cumulative return in cash at $112,895. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2024
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35055, Cullman, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,021 (100%) |
| Owner Occupied HU | 5,828 (58.2%) |
| Renter Occupied HU | 3,463 (34.6%) |
| Vacant Housing Units | 730 ( 7.3%) |
| Median Home Value | $220,401 |
| Average Home Value | $299,158 |
Housing Distribution
Address Breakdown
Residential
9,620
Single Family
8,898
Multi-Family
722
Businesses
1,181
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