1216 Josephine CtPrattvilleAL36066
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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 Prattville at 1216 Josephine Ct, Prattville, AL, 36066 uses $58,013 cash to close to unlock $9,465/yr annual cash flow and $789/mo monthly cash flow. Total monthly income runs $1,777/mo, and a $857/mo payment keeps the spread at $789/mo. Purchase price stands at $175,000, and rental yield measures 12.19% with $1,777/mo rent. Return on cash invested shows 36.22% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 189.63% and total cumulative return in cash records $110,011. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,777/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36066, Prattville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,821 (100%) |
| Owner Occupied HU | 5,835 (59.4%) |
| Renter Occupied HU | 3,535 (36.0%) |
| Vacant Housing Units | 451 ( 4.6%) |
| Median Home Value | $233,018 |
| Average Home Value | $261,985 |
Housing Distribution
Address Breakdown
Residential
9,473
Single Family
8,706
Multi-Family
767
Businesses
562
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Listed by: N/A • N/A
Mls Name: MAAR
Mls ID: #577810