516 Reading LnFultondaleAL35068
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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 Fultondale at 516 Reading Ln, Fultondale, AL, 35068 with 5% annual appreciation on a $260,000 basis while $2,125/mo rent supports operations. Total monthly income totals $2,125/mo and a $1,273/mo payment preserves $657/mo for cash returns. Annual cash flow comes to $7,884/yr on $86,190 deployed, and return on cash invested reaches 29.06% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 9.81%. Five-year ROI measures 151.15% and total cumulative return in cash totals $130,277.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,125/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35068, Fultondale, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 2,448 (60.4%) |
| Renter Occupied HU | 1,370 (33.8%) |
| Vacant Housing Units | 232 ( 5.7%) |
| Median Home Value | $219,331 |
| Average Home Value | $237,145 |
Housing Distribution
Address Breakdown
Residential
3,875
Single Family
3,234
Multi-Family
641
Businesses
289
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Listed by: Clay Daughtry • M & R Realty, LLC
Mls Name: GALMLS
Mls ID: #21429836