117 Turman StRainbow 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
Investment property for sale in Rainbow City at 117 Turman St, Rainbow City, AL, 35906 earns $1,005/mo cash flow from $2,472/mo rent with a $1,272/mo payment. Total monthly income totals $2,472/mo, and annual cash flow totals $12,061/yr on $86,157 capital. ROI tracks 33.91% on current figures, and rental yield reads 11.41% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 177.26% and total cumulative return in cash sums $152,722. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,472/mo property income instead of your personal income.
Single Family
Built in 1980
0.35 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: Steve King • ERA King Real Estate
Mls Name: ValleyMLS
Mls ID: #21895657