70 Cherry StCarrolltonAL35447
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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
Rental property for sale in Carrollton at 70 Cherry St, Carrollton, AL, 35447 offers $2,218/mo rent that, after a $1,492/mo payment, leaves $497/mo cash flow. Total monthly income is $2,218/mo, and annual cash flow is $5,968/yr on $101,074 cash. Return on cash invested measures 25.81% in year one, and rental yield stands at 8.73% at a $304,900 entry. Equity gained on principal adds $1,967/yr while 5% annual appreciation compounds into $84,238 by year five. Five-year ROI records 133.82% and total cumulative return in cash reaches $135,254. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,218/mo property income versus a $1,492/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35447, Carrollton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,587 (100%) |
| Owner Occupied HU | 968 (61.0%) |
| Renter Occupied HU | 328 (20.7%) |
| Vacant Housing Units | 291 (18.3%) |
| Median Home Value | $153,012 |
| Average Home Value | $175,987 |
Housing Distribution
Address Breakdown
Residential
1,296
Single Family
1,296
Multi-Family
0
Businesses
110
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Listed by: Felisa Hicks • Southern Homes of Tuscaloosa, Inc
Mls Name: WAMLS
Mls Provider:
Mls ID: #168921
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.