1000 Section Line Rd NEHancevilleAL35077
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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 Hanceville at 1000 Section Line Rd NE, Hanceville, AL, 35077 offers a 7.39% rental yield on a $190,000 purchase with $1,170/mo rent. Total monthly income registers $1,170/mo, and a $930/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,170/yr on $62,985 to close, and return on cash invested stands at 21.77% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 112.12% and total cumulative return in cash at $70,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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Listed by: LESLIE HOLLINGSWORTH • Happy Homes Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #525847