497 Cove RdWilsonvilleAL35186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wilsonville at 497 Cove Rd, Wilsonville, AL, 35186 at $498,000 posts ROI 24.69% with $658/mo cash flow from $3,468/mo rent. Total monthly income equals $3,468/mo, and annual cash flow records $7,890/yr on $165,087 to close. Return on cash invested measures 24.69% and rental yield reads 8.36% at the current $498,000. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 by year five. Five-year ROI prints 127.76% and total cumulative return in cash totals $210,916.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,468/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35186, Wilsonville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,343 (100%) |
| Owner Occupied HU | 1,889 (80.6%) |
| Renter Occupied HU | 256 (10.9%) |
| Vacant Housing Units | 198 ( 8.5%) |
| Median Home Value | $407,338 |
| Average Home Value | $436,637 |
Housing Distribution
Address Breakdown
Residential
2,085
Single Family
2,085
Multi-Family
0
Businesses
67
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Listed by: Brian Thomas • RE/MAX Advantage South
Mls Name: GALMLS
Mls ID: #21430716