428 Carridale St SWDecaturAL35601
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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 Decatur at 428 Carridale St SW, Decatur, AL, 35601 priced at $174,900 pairs $1,522/mo rent with $535/mo cash flow after a $856/mo payment. Total monthly income equals $1,522/mo, and annual cash flow comes to $6,418/yr on $57,979 invested. Return on cash invested is 30.98% in year one, and rental yield stands at 10.44% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 161.48% and total cumulative return in cash reaches $93,624. For financing, Ziffy Mortgage’s DSCR program evaluates $1,522/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35601, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,105 (100%) |
| Owner Occupied HU | 7,958 (52.7%) |
| Renter Occupied HU | 6,057 (40.1%) |
| Vacant Housing Units | 1,090 ( 7.2%) |
| Median Home Value | $173,990 |
| Average Home Value | $223,578 |
Housing Distribution
Address Breakdown
Residential
13,960
Single Family
12,999
Multi-Family
961
Businesses
2,056
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