1310 County Road 264WedoweeAL36278
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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 Wedowee at 1310 County Road 264, Wedowee, AL, 36278 uses $99,119 cash to close to unlock $12,028/yr annual cash flow and $1,002/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,463/mo payment keeps the spread at $1,002/mo. Purchase price stands at $299,000, and rental yield measures 10.84% with $2,700/mo rent. Return on cash invested shows 32.04% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 167.28% and total cumulative return in cash records $165,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 2007
1 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36278, Wedowee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 1,567 (45.2%) |
| Renter Occupied HU | 366 (10.6%) |
| Vacant Housing Units | 1,535 (44.3%) |
| Median Home Value | $322,637 |
| Average Home Value | $380,940 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,693
Multi-Family
0
Businesses
238
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Listed by: Terry Norton • Lake Homes Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412688
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.