586 The Heights LnCaleraAL35040
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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 Calera at 586 The Heights Ln, Calera, AL, 35040 offers a 11.23% rental yield on a $197,000 purchase with $1,843/mo rent. Total monthly income registers $1,843/mo, and a $964/mo payment leaves $602/mo available for distribution. Annual cash flow reaches $7,229/yr on $65,306 to close, and return on cash invested stands at 30.98% in year one. Equity gained on principal adds $1,271/yr while 5% annual appreciation supports $54,427 over five years. Portfolio math shows five-year ROI at 162.38% and total cumulative return in cash at $106,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,843/mo property income against a $964/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2017
N/A lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35040, Calera, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,401 (100%) |
| Owner Occupied HU | 6,245 (74.3%) |
| Renter Occupied HU | 1,775 (21.1%) |
| Vacant Housing Units | 381 ( 4.5%) |
| Median Home Value | $231,971 |
| Average Home Value | $254,467 |
Housing Distribution
Address Breakdown
Residential
8,121
Single Family
7,836
Multi-Family
285
Businesses
442
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Listed by: Bridget Mclaughlin • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21385004
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.