741 Turtle Neck RdAlexander CityAL35010
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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
Investment property for sale in Alexander City at 741 Turtle Neck Rd, Alexander City, AL, 35010 with 5% annual appreciation on a $349,000 basis while $2,475/mo rent supports operations. Total monthly income totals $2,475/mo and a $1,708/mo payment preserves $505/mo for cash returns. Annual cash flow comes to $6,063/yr on $115,694 deployed, and return on cash invested reaches 25.15% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 8.51%. Five-year ROI measures 130.25% and total cumulative return in cash totals $150,696.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,475/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35010, Alexander City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,913 (100%) |
| Owner Occupied HU | 5,693 (52.2%) |
| Renter Occupied HU | 2,895 (26.5%) |
| Vacant Housing Units | 2,325 (21.3%) |
| Median Home Value | $146,379 |
| Average Home Value | $244,149 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
9,322
Multi-Family
534
Businesses
699
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Listed by: Bobby Tapley • RealtySouth Auburn-Lake Martin
Mls Name: LMMLS
Mls ID: #23-909