6219 Melrose Rd NWHuntsvilleAL35810
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 Huntsville at 6219 Melrose Rd NW, Huntsville, AL, 35810 uses $59,670 cash to close to unlock $7,299/yr annual cash flow and $608/mo monthly cash flow. Total monthly income runs $1,724/mo, and a $881/mo payment keeps the spread at $608/mo. Purchase price stands at $180,000, and rental yield measures 11.49% with $1,724/mo rent. Return on cash invested shows 32.14% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 168.49% and total cumulative return in cash records $100,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35810, Huntsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,650 (100%) |
| Owner Occupied HU | 7,205 (57.0%) |
| Renter Occupied HU | 4,421 (34.9%) |
| Vacant Housing Units | 1,024 ( 8.1%) |
| Median Home Value | $163,913 |
| Average Home Value | $245,813 |
Housing Distribution
Address Breakdown
Residential
12,609
Single Family
11,897
Multi-Family
712
Businesses
736
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Listed by: Britney McCraw • CRYE-LEIKE REALTORS - Hsv
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21875378
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