816 Wood StSteeleAL35987
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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
Investment property for sale in Steele at 816 Wood St, Steele, AL, 35987 offers a 4.73% rental yield on a $350,000 purchase with $1,380/mo rent. 75% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 69.11% and total cumulative return in cash at $80,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,380/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35987, Steele, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,259 (100%) |
| Owner Occupied HU | 954 (75.8%) |
| Renter Occupied HU | 164 (13.0%) |
| Vacant Housing Units | 141 (11.2%) |
| Median Home Value | $192,568 |
| Average Home Value | $229,827 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,152
Multi-Family
0
Businesses
85
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Nearby investment properties with comparable prices
Listed by: Carrie Cullins • Hardy Realty and Developmnt Co
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889362
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