409 Covina Dr SWDecaturAL35603
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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 Decatur at 409 Covina Dr SW, Decatur, AL, 35603 uses $68,587 cash to close to unlock $4,018/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $1,603/mo, and a $1,013/mo payment keeps the spread at $335/mo. Purchase price stands at $206,900, and rental yield measures 9.3% with $1,603/mo rent. Return on cash invested shows 25.77% in year one, and 5% annual appreciation builds toward $57,163 over five years. Five-year ROI reaches 134.16% and total cumulative return in cash records $92,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,603/mo property income covering a $1,013/mo payment rather than investor’s personal income.
Townhouse
Built in N/A
5,227 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35603, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,772 (100%) |
| Owner Occupied HU | 9,786 (66.2%) |
| Renter Occupied HU | 4,228 (28.6%) |
| Vacant Housing Units | 758 ( 5.1%) |
| Median Home Value | $258,997 |
| Average Home Value | $295,900 |
Housing Distribution
Address Breakdown
Residential
14,489
Single Family
13,004
Multi-Family
1,485
Businesses
624
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Listed by: Pam Marthaler • RE/MAX Platinum
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21891460
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