116 Kentucky AveHancevilleAL35077
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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 Hanceville at 116 Kentucky Ave, Hanceville, AL, 35077 priced at $209,000 converts $1,972/mo rent into $792/mo cash flow after a $1,023/mo obligation. Total monthly income equals $1,972/mo, and annual cash flow totals $9,507/yr on $69,284 invested. Return on cash invested prints 33.63% in year one, and rental yield reads 11.32% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 175.75% and total cumulative return in cash sums $121,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,972/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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Listed by: Wes Warren • Happy Homes Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #525765