512 Monroe Dr NWDecaturAL35601
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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 Decatur at 512 Monroe Dr NW, Decatur, AL, 35601 uses $58,013 cash to close to unlock $8,361/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $1,685/mo, and a $857/mo payment keeps the spread at $697/mo. Purchase price stands at $175,000, and rental yield measures 11.55% with $1,685/mo rent. Return on cash invested shows 34.32% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 179.44% and total cumulative return in cash records $104,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,685/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1964
8,712 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
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