418 Cedar Cove DrAlpineAL35014
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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 Alpine at 418 Cedar Cove Dr, Alpine, AL, 35014 generates $5,290/mo in rent, after a $6,118/mo payment. Total monthly income is $5,290/mo. Return on cash invested sits at 15.14% in year one, and rental yield is 5.08% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 76.43% and total cumulative return in cash sums $309,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,290/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35014, Alpine, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,362 (71.6%) |
| Renter Occupied HU | 261 (13.7%) |
| Vacant Housing Units | 280 (14.7%) |
| Median Home Value | $170,280 |
| Average Home Value | $277,212 |
Housing Distribution
Address Breakdown
Residential
1,718
Single Family
1,718
Multi-Family
0
Businesses
54
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Listed by: Andrea Hunter • ARC Realty 280
Mls Name: GALMLS
Mls Provider:
Mls ID: #21413205
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.