1373 Pates RdSlocombAL36375
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
Investment property for sale in Slocomb at 1373 Pates Rd, Slocomb, AL, 36375 uses $49,692 cash to close to unlock $13,792/yr annual cash flow and $1,149/mo monthly cash flow. Total monthly income runs $2,034/mo, and a $734/mo payment keeps the spread at $1,149/mo. Purchase price stands at $149,900, and rental yield measures 16.28% with $2,034/mo rent. Return on cash invested shows 47.66% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 251.36% and total cumulative return in cash records $124,907. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1988
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36375, Slocomb, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,600 (100%) |
| Owner Occupied HU | 2,392 (66.4%) |
| Renter Occupied HU | 719 (20.0%) |
| Vacant Housing Units | 489 (13.6%) |
| Median Home Value | $145,968 |
| Average Home Value | $176,801 |
Housing Distribution
Address Breakdown
Residential
3,354
Single Family
3,327
Multi-Family
27
Businesses
172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Theron Fondren • Theron Fondren Realty, LLC
Mls Name: SAMLS
Mls ID: #197199
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.