743 Dove Welch RdWellingtonAL36279
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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 Wellington at 743 Dove Welch Rd, Wellington, AL, 36279 priced at $320,000 converts $2,345/mo rent into $539/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,345/mo, and annual cash flow totals $6,468/yr on $106,080 invested. Return on cash invested prints 26.01% in year one, and rental yield reads 8.79% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 134.81% and total cumulative return in cash sums $143,007. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,345/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1976
3.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36279, Wellington, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,020 (100%) |
| Owner Occupied HU | 762 (74.7%) |
| Renter Occupied HU | 130 (12.7%) |
| Vacant Housing Units | 128 (12.5%) |
| Median Home Value | $234,118 |
| Average Home Value | $231,001 |
Housing Distribution
Address Breakdown
Residential
1,066
Single Family
1,066
Multi-Family
0
Businesses
38
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Listed by: Charles Hammonds • Keller Williams Realty Group
Mls Name: GALMLS
Mls Provider:
Mls ID: #21433585
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.