131 Price DrFlorenceAL35633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Florence at 131 Price Dr, Florence, AL, 35633 priced at $109,900 converts $836/mo rent into $216/mo cash flow after a $538/mo obligation. Total monthly income equals $836/mo, and annual cash flow totals $2,587/yr on $36,432 invested. Return on cash invested prints 27.01% in year one, and rental yield reads 9.13% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 140.26% and total cumulative return in cash sums $51,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $836/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35633, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,363 (100%) |
| Owner Occupied HU | 6,846 (73.1%) |
| Renter Occupied HU | 1,753 (18.7%) |
| Vacant Housing Units | 764 ( 8.2%) |
| Median Home Value | $212,457 |
| Average Home Value | $235,077 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,535
Multi-Family
342
Businesses
275
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Nearby investment properties with comparable prices
Listed by: Kevin Knight • Knight and Humphries, Inc.
Mls Name: Strategic MLS Alliance
Mls ID: #521729
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.