589 Waterstone DrMontevalloAL35115
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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 Montevallo at 589 Waterstone Dr, Montevallo, AL, 35115 with 5% annual appreciation on a $270,000 basis while $2,150/mo rent supports operations. Total monthly income totals $2,150/mo and a $1,322/mo payment preserves $561/mo for cash returns. Annual cash flow comes to $6,738/yr on $89,505 deployed, and return on cash invested reaches 27.44% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 9.56%. Five-year ROI measures 142.83% and total cumulative return in cash totals $127,837.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,150/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
N/A lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35115, Montevallo, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,341 (100%) |
| Owner Occupied HU | 4,029 (63.5%) |
| Renter Occupied HU | 1,782 (28.1%) |
| Vacant Housing Units | 530 ( 8.4%) |
| Median Home Value | $233,994 |
| Average Home Value | $308,258 |
Housing Distribution
Address Breakdown
Residential
6,312
Single Family
6,203
Multi-Family
109
Businesses
302
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Listed by: Isaac McDow • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #1348235
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.