1388 County Road 24BillingsleyAL36006
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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 Billingsley at 1388 County Road 24, Billingsley, AL, 36006 offers a 9.27% rental yield on a $210,000 purchase with $1,622/mo rent. Total monthly income registers $1,622/mo, and a $1,028/mo payment leaves $437/mo available for distribution. Annual cash flow reaches $5,238/yr on $69,615 to close, and return on cash invested stands at 27.43% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 142.51% and total cumulative return in cash at $99,208. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,622/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
4.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36006, Billingsley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 486 (68.1%) |
| Renter Occupied HU | 120 (16.8%) |
| Vacant Housing Units | 108 (15.1%) |
| Median Home Value | $250,000 |
| Average Home Value | $306,888 |
Housing Distribution
Address Breakdown
Residential
597
Single Family
597
Multi-Family
0
Businesses
13
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Listed by: Darlene Rice • EXIT Royal Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21422274
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.