503 Kincaid Cove LnOdenvilleAL35120
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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 Odenville at 503 Kincaid Cove Ln, Odenville, AL, 35120 priced at $222,000 converts $1,852/mo rent into $599/mo cash flow after a $1,087/mo obligation. Total monthly income equals $1,852/mo, and annual cash flow totals $7,182/yr on $73,593 invested. Return on cash invested prints 29.67% in year one, and rental yield reads 10.01% against a $222,000 entry. Equity gained on principal adds $1,433/yr, while 5% annual appreciation compiles into $61,335 by year five. Five-year ROI reaches 154.49% and total cumulative return in cash sums $113,691. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,852/mo property income covering a $1,087/mo payment, not borrower’s personal income.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35120, Odenville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,018 (100%) |
| Owner Occupied HU | 5,719 (81.5%) |
| Renter Occupied HU | 859 (12.2%) |
| Vacant Housing Units | 440 ( 6.3%) |
| Median Home Value | $239,131 |
| Average Home Value | $254,224 |
Housing Distribution
Address Breakdown
Residential
7,023
Single Family
7,023
Multi-Family
0
Businesses
233
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