502 Gritney RdDalevilleAL36322
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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 Daleville at 502 Gritney Rd, Daleville, AL, 36322 uses $95,174 cash to close to unlock $8,732/yr annual cash flow and $728/mo monthly cash flow. Total monthly income runs $2,348/mo, and a $1,405/mo payment keeps the spread at $728/mo. Purchase price stands at $287,100, and rental yield measures 9.81% with $2,348/mo rent. Return on cash invested shows 29.08% in year one, and 5% annual appreciation builds toward $79,320 over five years. Five-year ROI reaches 151.32% and total cumulative return in cash records $144,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,348/mo property income covering a $1,405/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36322, Daleville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,476 (100%) |
| Owner Occupied HU | 2,234 (49.9%) |
| Renter Occupied HU | 1,621 (36.2%) |
| Vacant Housing Units | 621 (13.9%) |
| Median Home Value | $144,384 |
| Average Home Value | $153,189 |
Housing Distribution
Address Breakdown
Residential
4,006
Single Family
3,972
Multi-Family
34
Businesses
360
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