601 3rd St NEAlabasterAL35007
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Alabaster at 601 3rd St NE, Alabaster, AL, 35007 uses $71,273 cash to close to unlock $4,713/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $1,052/mo payment keeps the spread at $393/mo. Purchase price stands at $215,000, and rental yield measures 8.96% with $1,606/mo rent. Return on cash invested shows 26.52% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 137.59% and total cumulative return in cash records $98,065. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
5,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35007, Alabaster, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,730 (100%) |
| Owner Occupied HU | 8,592 (80.1%) |
| Renter Occupied HU | 1,767 (16.5%) |
| Vacant Housing Units | 371 ( 3.5%) |
| Median Home Value | $283,979 |
| Average Home Value | $334,122 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
9,866
Multi-Family
612
Businesses
1,121
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices