138 Old Hickory DrFlorenceAL35630
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 138 Old Hickory Dr, Florence, AL, 35630 priced at $434,900 converts $1,830/mo rent into after a $2,129/mo obligation. Total monthly income equals $1,830/mo. Return on cash invested prints 13.66% in year one, and rental yield reads 5.05% against a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation compiles into $120,155 by year five. Five-year ROI reaches 69.01% and total cumulative return in cash sums $99,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,830/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 2018
9,583 sqft lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ladonna Mansell • Renaissance Realty
Mls Name: Strategic MLS Alliance
Mls ID: #522032
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.