809 City Park Dr SEArabAL35016
Nearby investment properties with comparable rents
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 Arab at 809 City Park Dr SE, Arab, AL, 35016 offers $1,871/mo rent that, after a $1,412/mo payment, leaves $243/mo cash flow. Total monthly income is $1,871/mo, and annual cash flow is $2,912/yr on $95,610 cash. Return on cash invested measures 22.96% in year one, and rental yield stands at 7.78% at a $288,415 entry. Equity gained on principal adds $1,861/yr while 5% annual appreciation compounds into $79,684 by year five. Five-year ROI records 118.46% and total cumulative return in cash reaches $113,255. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,871/mo property income versus a $1,412/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35016, Arab, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,914 (100%) |
| Owner Occupied HU | 5,520 (69.7%) |
| Renter Occupied HU | 1,893 (23.9%) |
| Vacant Housing Units | 501 ( 6.3%) |
| Median Home Value | $222,561 |
| Average Home Value | $269,948 |
Housing Distribution
Address Breakdown
Residential
7,656
Single Family
7,333
Multi-Family
323
Businesses
643
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Listed by: LeAndra Martin • Southern Elite Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21891812
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