602 Ronnie Dr 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 602 Ronnie Dr SE, Hartselle, AL, 35640 with 5% annual appreciation on a $389,900 basis while $2,379/mo rent supports operations. Total monthly income totals $2,379/mo and a $1,908/mo payment preserves $179/mo for cash returns. Annual cash flow comes to $2,143/yr on $129,252 deployed, and return on cash invested reaches 21.57% in year one. Equity gained on principal adds $2,516/yr, and five-year appreciation sums $107,722 alongside rental yield of 7.32%. Five-year ROI measures 111.02% and total cumulative return in cash totals $143,497.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,379/mo property income versus a $1,908/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
8,712 sqft 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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