705 Homestead WayEnterpriseAL36330
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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 Enterprise at 705 Homestead Way, Enterprise, AL, 36330 generates $2,672/mo in rent and, after a $1,919/mo payment, leaves $455/mo in cash flow. Total monthly income is $2,672/mo, and annual cash flow is $5,461/yr on $129,948 invested. Return on cash invested sits at 24.11% in year one, and rental yield is 8.18% on a $392,000 entry. Equity gained on principal adds $2,530/yr, while 5% annual appreciation builds toward $108,302 over five years. Five-year ROI reaches 124.7% and total cumulative return in cash sums $162,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,672/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36330, Enterprise, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,114 (100%) |
| Owner Occupied HU | 10,241 (56.5%) |
| Renter Occupied HU | 6,186 (34.2%) |
| Vacant Housing Units | 1,687 ( 9.3%) |
| Median Home Value | $209,432 |
| Average Home Value | $245,288 |
Housing Distribution
Address Breakdown
Residential
16,828
Single Family
15,489
Multi-Family
1,339
Businesses
999
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