613 3rd AvePleasant GroveAL35127
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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
Rental property for sale in Pleasant Grove at 613 3rd Ave, Pleasant Grove, AL, 35127 priced at $184,900 converts $1,588/mo rent into $414/mo cash flow after a $905/mo obligation. Total monthly income equals $1,588/mo, and annual cash flow totals $4,964/yr on $61,294 invested. Return on cash invested prints 28.01% in year one, and rental yield reads 10.31% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 146.51% and total cumulative return in cash sums $89,803. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,588/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35127, Pleasant Grove, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,731 (100%) |
| Owner Occupied HU | 2,968 (79.5%) |
| Renter Occupied HU | 599 (16.1%) |
| Vacant Housing Units | 164 ( 4.4%) |
| Median Home Value | $243,053 |
| Average Home Value | $325,932 |
Housing Distribution
Address Breakdown
Residential
3,820
Single Family
3,820
Multi-Family
0
Businesses
151
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Listed by: Tahira Khadair • New Image Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21382326
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.