103 Ivanhoe LnRainbow CityAL35906
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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 Rainbow City at 103 Ivanhoe Ln, Rainbow City, AL, 35906 listed at $220,000 pairs $1,604/mo rent with a $1,077/mo payment to leave $362/mo cash flow. Total monthly income runs $1,604/mo, and annual cash flow reaches $4,344/yr on $72,930 cash to close. Return on cash invested measures 25.87% in year one, and rental yield registers 8.75% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 134.05% and total cumulative return in cash totals $97,763. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,604/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35906, Rainbow City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,832 (100%) |
| Owner Occupied HU | 2,856 (59.1%) |
| Renter Occupied HU | 1,556 (32.2%) |
| Vacant Housing Units | 420 ( 8.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $325,519 |
Housing Distribution
Address Breakdown
Residential
4,829
Single Family
4,098
Multi-Family
731
Businesses
487
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Listed by: Stephanie Ajlouny • ERA King Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21883718
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