108 River PointRainbow CityAL35906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 108 River Point, Rainbow City, AL, 35906 offers a 1.76% rental yield on a $774,900 purchase with $1,139/mo rent. 83% in year one. Equity gained on principal adds $5,000/yr while 5% annual appreciation supports $214,091 over five years. Portfolio math shows five-year ROI at 21.24% and total cumulative return in cash at $54,143. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,139/mo property income against a $3,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
1.23 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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Nearby investment properties with comparable prices
Listed by: Bailey Mack • Keller Williams Gadsden
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21892443
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