9 Tambourine LnDecaturAL35603
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 Decatur at 9 Tambourine Ln, Decatur, AL, 35603 priced at $250,000 converts $1,996/mo rent into $585/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,996/mo, and annual cash flow totals $7,014/yr on $82,875 invested. Return on cash invested prints 28.37% in year one, and rental yield reads 9.58% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 147.53% and total cumulative return in cash sums $122,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,996/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35603, Decatur, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,772 (100%) |
| Owner Occupied HU | 9,786 (66.2%) |
| Renter Occupied HU | 4,228 (28.6%) |
| Vacant Housing Units | 758 ( 5.1%) |
| Median Home Value | $258,997 |
| Average Home Value | $295,900 |
Housing Distribution
Address Breakdown
Residential
14,489
Single Family
13,004
Multi-Family
1,485
Businesses
624
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Listed by: Holly Reeves • Agency On Main
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21875291
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