1133 Canoe Creek RdRainbow 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
Rental property for sale in Rainbow City at 1133 Canoe Creek Rd, Rainbow City, AL, 35906 priced at $245,000 converts $2,167/mo rent into $784/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,167/mo, and annual cash flow totals $9,411/yr on $81,218 invested. Return on cash invested prints 31.5% in year one, and rental yield reads 10.61% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 164.31% and total cumulative return in cash sums $133,452. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,167/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1940
1.20 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: Michaele Moore • ERA King Real Estate
Mls Name: ValleyMLS
Mls ID: #21906195