7714 Thompsons WayNorthportAL35473
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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 Northport at 7714 Thompsons Way, Northport, AL, 35473 uses $75,914 cash to close to unlock $4,995/yr annual cash flow and $416/mo monthly cash flow. Total monthly income runs $1,718/mo, and a $1,121/mo payment keeps the spread at $416/mo. Purchase price stands at $229,000, and rental yield measures 9% with $1,718/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 137.5% and total cumulative return in cash records $104,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,718/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35473, Northport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,684 (100%) |
| Owner Occupied HU | 5,717 (65.8%) |
| Renter Occupied HU | 2,419 (27.9%) |
| Vacant Housing Units | 548 ( 6.3%) |
| Median Home Value | $277,844 |
| Average Home Value | $372,403 |
Housing Distribution
Address Breakdown
Residential
7,688
Single Family
6,852
Multi-Family
836
Businesses
315
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Listed by: Holly Richardson • EXP Realty - Central
Mls Name: WAMLS
Mls Provider:
Mls ID: #170518
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.