605 Schiffman St NEHuntsvilleAL35801
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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 Huntsville at 605 Schiffman St NE, Huntsville, AL, 35801 uses $45,416 cash to close to unlock $3,543/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $1,069/mo, and a $671/mo payment keeps the spread at $295/mo. Purchase price stands at $137,000, and rental yield measures 9.36% with $1,069/mo rent. Return on cash invested shows 27.71% in year one, and 5% annual appreciation builds toward $37,851 over five years. Five-year ROI reaches 144.04% and total cumulative return in cash records $65,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,069/mo property income covering a $671/mo payment rather than investor’s personal income.
Single Family
Built in 1920
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35801, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,461 (100%) |
| Owner Occupied HU | 6,732 (54.0%) |
| Renter Occupied HU | 4,824 (38.7%) |
| Vacant Housing Units | 905 ( 7.3%) |
| Median Home Value | $462,792 |
| Average Home Value | $540,252 |
Housing Distribution
Address Breakdown
Residential
11,234
Single Family
10,105
Multi-Family
1,129
Businesses
2,488
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Listed by: Rachel Erwin • Matt Curtis Real Estate, Inc.
Mls Name: ValleyMLS
Mls ID: #21901862