104 Wood AveSheffieldAL35660
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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
Rental property for sale in Sheffield at 104 Wood Ave, Sheffield, AL, 35660 priced at $105,000 converts $1,158/mo rent into $565/mo cash flow after a $514/mo obligation. Total monthly income equals $1,158/mo, and annual cash flow totals $6,783/yr on $34,808 invested. Return on cash invested prints 39.4% in year one, and rental yield reads 13.23% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 206.75% and total cumulative return in cash sums $71,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,158/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35660, Sheffield, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,175 (100%) |
| Owner Occupied HU | 2,449 (47.3%) |
| Renter Occupied HU | 2,041 (39.4%) |
| Vacant Housing Units | 685 (13.2%) |
| Median Home Value | $137,199 |
| Average Home Value | $170,423 |
Housing Distribution
Address Breakdown
Residential
4,528
Single Family
3,667
Multi-Family
861
Businesses
499
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Listed by: Regina C Coates • Regina Coates Real Estate, Inc
Mls Name: Strategic MLS Alliance
Mls ID: #519129
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.