511 Somerville Rd SEDecaturAL35601
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
Rental property for sale in Decatur at 511 Somerville Rd SE, Decatur, AL, 35601 priced at $233,000 pairs $1,988/mo rent with $673/mo cash flow after a $1,140/mo payment. Total monthly income equals $1,988/mo, and annual cash flow comes to $8,079/yr on $77,240 invested. Return on cash invested is 30.37% in year one, and rental yield stands at 10.24% on a $233,000 basis. Equity gained on principal adds $1,504/yr, and 5% annual appreciation accumulates to $64,374 by year five. Five-year ROI measures 158.27% and total cumulative return in cash reaches $122,245. For financing, Ziffy Mortgage’s DSCR program evaluates $1,988/mo property income against a $1,140/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jerry Clifton • Coldwell Banker McMillan
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21858175
Disclaimer: Properties marked with this icon are provided courtesy of the Valley MLS IDX Database. Some or all of the listings displayed may not belong to the firm whose website is being visited. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2025 Valley MLS