Redmont Plan, Steven's CoveMoodyAL35004
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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 Moody at Redmont Plan, Steven's Cove, Moody, AL, 35004 uses $69,565 cash to close to unlock $10,255/yr annual cash flow and $855/mo monthly cash flow. Total monthly income runs $2,039/mo, and a $1,027/mo payment keeps the spread at $855/mo. Purchase price stands at $209,850, and rental yield measures 11.66% with $2,039/mo rent. Return on cash invested shows 34.65% in year one, and 5% annual appreciation builds toward $57,978 over five years. Five-year ROI reaches 181.2% and total cumulative return in cash records $126,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,039/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35004, Moody, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,250 (100%) |
| Owner Occupied HU | 3,906 (74.4%) |
| Renter Occupied HU | 1,142 (21.8%) |
| Vacant Housing Units | 202 ( 3.8%) |
| Median Home Value | $231,727 |
| Average Home Value | $257,922 |
Housing Distribution
Address Breakdown
Residential
4,945
Single Family
4,614
Multi-Family
331
Businesses
402
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