114 Royal Oak RdFlorenceAL35633
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 114 Royal Oak Rd, Florence, AL, 35633 in Florence speaks for itself: 10.22% gross on a $344,000 price, generating $2,929/mo in rent and $974/mo in net income after the $1,547/mo debt service. DSCR 1.89, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,685 stacks alongside $95,041 in projected five-year appreciation and $3,168/yr in principal reduction. Projected total cumulative return: $192,365.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.5% |
| Monthly Cash Flow | $974 | $400 |
City averages based on Florence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,929 |
| Total Monthly Debt Service | $1,819 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1990
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35633, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,363 (100%) |
| Owner Occupied HU | 6,846 (73.1%) |
| Renter Occupied HU | 1,753 (18.7%) |
| Vacant Housing Units | 764 ( 8.2%) |
| Median Home Value | $212,457 |
| Average Home Value | $235,077 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,535
Multi-Family
342
Businesses
275
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
Single Family
Built in 1990
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35633, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,363 (100%) |
| Owner Occupied HU | 6,846 (73.1%) |
| Renter Occupied HU | 1,753 (18.7%) |
| Vacant Housing Units | 764 ( 8.2%) |
| Median Home Value | $212,457 |
| Average Home Value | $235,077 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,535
Multi-Family
342
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Risner • ag Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #524005
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.