427 W Smithfield CirDolomiteAL35061
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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 Dolomite at 427 W Smithfield Cir, Dolomite, AL, 35061 uses $64,311 cash to close to unlock $1,771/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $950/mo payment keeps the spread at $148/mo. Purchase price stands at $194,000, and rental yield measures 8.54% with $1,380/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 117.85% and total cumulative return in cash records $75,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $950/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35061, Dolomite, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 378 (65.5%) |
| Renter Occupied HU | 140 (24.3%) |
| Vacant Housing Units | 59 (10.2%) |
| Median Home Value | $198,276 |
| Average Home Value | $222,665 |
Housing Distribution
Address Breakdown
Residential
493
Single Family
493
Multi-Family
0
Businesses
87
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Listed by: Ashly Staggs • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21423413
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.