1005 Waverly AveMuscle ShoalsAL35661
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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 Muscle Shoals at 1005 Waverly Ave, Muscle Shoals, AL, 35661 offers a 10.39% rental yield on a $169,900 purchase with $1,471/mo rent. Total monthly income registers $1,471/mo, and a $832/mo payment leaves $512/mo available for distribution. Annual cash flow reaches $6,139/yr on $56,322 to close, and return on cash invested stands at 30.81% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 160.61% and total cumulative return in cash at $90,458. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,471/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35661, Muscle Shoals, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,939 (100%) |
| Owner Occupied HU | 5,873 (65.7%) |
| Renter Occupied HU | 2,358 (26.4%) |
| Vacant Housing Units | 708 ( 7.9%) |
| Median Home Value | $204,446 |
| Average Home Value | $252,543 |
Housing Distribution
Address Breakdown
Residential
8,611
Single Family
8,185
Multi-Family
426
Businesses
817
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Listed by: Kellie G Bowling • EXIT Realty Shoals
Mls Name: Strategic MLS Alliance
Mls ID: #525881