409 Michael RdLeedsAL35094
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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 Leeds at 409 Michael Rd, Leeds, AL, 35094 priced at $424,000 converts $2,572/mo rent into $178/mo cash flow after a $2,075/mo obligation. Total monthly income equals $2,572/mo, and annual cash flow totals $2,131/yr on $140,556 invested. Return on cash invested prints 21.43% in year one, and rental yield reads 7.28% against a $424,000 entry. Equity gained on principal adds $2,736/yr, while 5% annual appreciation compiles into $117,143 by year five. Five-year ROI reaches 110.26% and total cumulative return in cash sums $154,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,572/mo property income covering a $2,075/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35094, Leeds, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,693 (100%) |
| Owner Occupied HU | 4,525 (67.6%) |
| Renter Occupied HU | 1,660 (24.8%) |
| Vacant Housing Units | 508 ( 7.6%) |
| Median Home Value | $244,824 |
| Average Home Value | $296,299 |
Housing Distribution
Address Breakdown
Residential
6,789
Single Family
6,716
Multi-Family
73
Businesses
617
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Listed by: Julia Hubbard • EXIT Legacy Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419678
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.