405 Morrow Mountain RdSomervilleAL35670
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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 Somerville at 405 Morrow Mountain Rd, Somerville, AL, 35670 uses $59,637 cash to close to unlock $1,429/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,135/mo, and a $881/mo payment keeps the spread at $119/mo. Purchase price stands at $179,900, and rental yield measures 7.57% with $1,135/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 115.05% and total cumulative return in cash records $68,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,135/mo property income covering a $881/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35670, Somerville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,599 (100%) |
| Owner Occupied HU | 2,718 (75.5%) |
| Renter Occupied HU | 532 (14.8%) |
| Vacant Housing Units | 349 ( 9.7%) |
| Median Home Value | $260,526 |
| Average Home Value | $262,934 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,357
Multi-Family
0
Businesses
141
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Listed by: Charlie Johnson • Matt Curtis Real Estate, Inc.
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21894894
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