601 Homeplace Ave SEHartselleAL35640
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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 Hartselle at 601 Homeplace Ave SE, Hartselle, AL, 35640 uses $45,382 cash to close to unlock $3,556/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,069/mo, and a $670/mo payment keeps the spread at $296/mo. Purchase price stands at $136,900, and rental yield measures 9.37% with $1,069/mo rent. Return on cash invested shows 27.74% in year one, and 5% annual appreciation builds toward $37,823 over five years. Five-year ROI reaches 144.21% and total cumulative return in cash records $65,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,069/mo property income covering a $670/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35640, Hartselle, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,314 (100%) |
| Owner Occupied HU | 8,125 (71.8%) |
| Renter Occupied HU | 2,417 (21.4%) |
| Vacant Housing Units | 772 ( 6.8%) |
| Median Home Value | $278,919 |
| Average Home Value | $309,046 |
Housing Distribution
Address Breakdown
Residential
11,107
Single Family
10,956
Multi-Family
151
Businesses
756
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Listed by: Jim Merical • Kendall James Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889574
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