123 Hickman Ave EKinstonAL36453
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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 Kinston at 123 Hickman Ave E, Kinston, AL, 36453 uses $43,095 cash to close to unlock $3,462/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,022/mo, and a $636/mo payment keeps the spread at $289/mo. Purchase price stands at $130,000, and rental yield measures 9.43% with $1,022/mo rent. Return on cash invested shows 27.94% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 145.28% and total cumulative return in cash records $62,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,022/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1925
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36453, Kinston, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,161 (100%) |
| Owner Occupied HU | 800 (68.9%) |
| Renter Occupied HU | 193 (16.6%) |
| Vacant Housing Units | 168 (14.5%) |
| Median Home Value | $113,110 |
| Average Home Value | $141,322 |
Housing Distribution
Address Breakdown
Residential
976
Single Family
976
Multi-Family
0
Businesses
41
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Listed by: Kimberly K Turman • Covington Realty, LLC
Mls Name: Covington AOR
Mls Provider:
Mls ID: #25230
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.