1260 2nd StCherokeeAL35616
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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 Cherokee at 1260 2nd St, Cherokee, AL, 35616 generates $1,148/mo in rent and, after a $734/mo payment, leaves $302/mo in cash flow. Total monthly income is $1,148/mo, and annual cash flow is $3,619/yr on $49,692 invested. Return on cash invested sits at 27.19% in year one, and rental yield is 9.19% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 141.22% and total cumulative return in cash sums $70,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,148/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35616, Cherokee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,413 (60.1%) |
| Renter Occupied HU | 378 (16.1%) |
| Vacant Housing Units | 560 (23.8%) |
| Median Home Value | $139,015 |
| Average Home Value | $211,175 |
Housing Distribution
Address Breakdown
Residential
1,933
Single Family
1,933
Multi-Family
0
Businesses
98
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Listed by: Chase Gallimore • EXIT Realty Shoals
Mls Name: Strategic MLS Alliance
Mls ID: #519332
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.