507 E Broadway StSummerdaleAL36580
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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 Summerdale at 507 E Broadway St, Summerdale, AL, 36580 uses $72,930 cash to close to unlock $10,296/yr annual cash flow and $858/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,077/mo payment keeps the spread at $858/mo. Purchase price stands at $220,000, and rental yield measures 11.45% with $2,100/mo rent. Return on cash invested shows 34.03% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 177.84% and total cumulative return in cash records $129,695. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36580, Summerdale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,090 (100%) |
| Owner Occupied HU | 2,223 (71.9%) |
| Renter Occupied HU | 548 (17.7%) |
| Vacant Housing Units | 319 (10.3%) |
| Median Home Value | $342,723 |
| Average Home Value | $409,308 |
Housing Distribution
Address Breakdown
Residential
2,647
Single Family
2,647
Multi-Family
0
Businesses
221
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Listed by: Dan Demers • Sell Your Home Services, Inc.
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #384609
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.