119 Wallace RdGurleyAL35748
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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 Gurley at 119 Wallace Rd, Gurley, AL, 35748 uses $88,400 cash to close to unlock $14,292/yr annual cash flow and $1,191/mo monthly cash flow. Total monthly income runs $2,696/mo, and a $1,305/mo payment keeps the spread at $1,191/mo. Purchase price stands at $266,667, and rental yield measures 12.13% with $2,696/mo rent. Return on cash invested shows 36.08% in year one, and 5% annual appreciation builds toward $73,675 over five years. Five-year ROI reaches 188.81% and total cumulative return in cash records $166,907. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,696/mo property income covering a $1,305/mo payment rather than investor’s personal income.
Single Family
Built in 1861
21.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35748, Gurley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,025 (100%) |
| Owner Occupied HU | 2,401 (79.4%) |
| Renter Occupied HU | 401 (13.3%) |
| Vacant Housing Units | 223 ( 7.4%) |
| Median Home Value | $349,460 |
| Average Home Value | $368,948 |
Housing Distribution
Address Breakdown
Residential
3,466
Single Family
3,466
Multi-Family
0
Businesses
123
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