61 Sharp RdSomervilleAL35670
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 Somerville at 61 Sharp Rd, Somerville, AL, 35670 at $215,000 posts ROI 24.03% with $245/mo cash flow from $1,458/mo rent. Total monthly income equals $1,458/mo, and annual cash flow records $2,937/yr on $71,273 to close. Return on cash invested measures 24.03% and rental yield reads 8.14% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 124.24% and total cumulative return in cash totals $88,549.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,458/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35670, Somerville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,599 (100%) |
| Owner Occupied HU | 2,718 (75.5%) |
| Renter Occupied HU | 532 (14.8%) |
| Vacant Housing Units | 349 ( 9.7%) |
| Median Home Value | $260,526 |
| Average Home Value | $262,934 |
Housing Distribution
Address Breakdown
Residential
3,357
Single Family
3,357
Multi-Family
0
Businesses
141
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Nearby investment properties with comparable prices
Listed by: Tracy Gallimore • CRYE-LEIKE REALTORS - Madison
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21893789
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