511 Line St NEDecaturAL35601
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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 511 Line St NE, Decatur, AL, 35601 offers $1,871/mo rent that, after a $1,458/mo payment, leaves $190/mo cash flow. Total monthly income is $1,871/mo, and annual cash flow is $2,275/yr on $98,754 cash. Return on cash invested measures 22.21% in year one, and rental yield stands at 7.54% at a $297,900 entry. Equity gained on principal adds $1,922/yr while 5% annual appreciation compounds into $82,304 by year five. Five-year ROI records 114.48% and total cumulative return in cash reaches $113,053. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,871/mo property income versus a $1,458/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.25 Acres 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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