618 Conroy LnSterrettAL35147
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 Sterrett at 618 Conroy Ln, Sterrett, AL, 35147 with 5% annual appreciation on a $437,500 basis while $3,058/mo rent supports operations. Total monthly income totals $3,058/mo and a $2,141/mo payment preserves $561/mo for cash returns. Annual cash flow comes to $6,731/yr on $145,031 deployed, and return on cash invested reaches 24.55% in year one. Equity gained on principal adds $2,823/yr, and five-year appreciation sums $120,873 alongside rental yield of 8.39%. Five-year ROI measures 127.09% and total cumulative return in cash totals $184,313.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,058/mo property income versus a $2,141/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.48 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35147, Sterrett, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,404 (100%) |
| Owner Occupied HU | 2,001 (83.2%) |
| Renter Occupied HU | 279 (11.6%) |
| Vacant Housing Units | 124 ( 5.2%) |
| Median Home Value | $333,491 |
| Average Home Value | $387,453 |
Housing Distribution
Address Breakdown
Residential
2,291
Single Family
2,248
Multi-Family
43
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Harmon Muir-Taylor • Ray & Poynor Properties
Mls Name: GALMLS
Mls Provider:
Mls ID: #21422212
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.