515 Bullard DrRed BayAL35582
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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 Red Bay at 515 Bullard Dr, Red Bay, AL, 35582 listed at $185,900 pairs $1,676/mo rent with a $910/mo payment to leave $604/mo cash flow. Total monthly income runs $1,676/mo, and annual cash flow reaches $7,251/yr on $61,626 cash to close. Return on cash invested measures 31.68% in year one, and rental yield registers 10.82% at a $185,900 basis. Equity gained on principal adds $1,200/yr, and annual property appreciation at 5% supports $51,361 by year five. Five-year ROI tracks 165.43% and total cumulative return in cash totals $101,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,676/mo property income relative to a $910/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35582, Red Bay, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 1,160 (55.9%) |
| Renter Occupied HU | 622 (30.0%) |
| Vacant Housing Units | 294 (14.2%) |
| Median Home Value | $121,719 |
| Average Home Value | $159,573 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,608
Multi-Family
119
Businesses
191
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Listed by: Mandy Ivy • BrickDriven Realty Florence
Mls Name: Strategic MLS Alliance
Mls ID: #519188
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.