1508 E 29th StSheffieldAL35660
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 Sheffield at 1508 E 29th St, Sheffield, AL, 35660 uses $39,449 cash to close to unlock $4,173/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $1,019/mo, and a $582/mo payment keeps the spread at $348/mo. Purchase price stands at $119,000, and rental yield measures 10.28% with $1,019/mo rent. Return on cash invested shows 30.49% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 158.89% and total cumulative return in cash records $62,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,019/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35660, Sheffield, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,175 (100%) |
| Owner Occupied HU | 2,449 (47.3%) |
| Renter Occupied HU | 2,041 (39.4%) |
| Vacant Housing Units | 685 (13.2%) |
| Median Home Value | $137,199 |
| Average Home Value | $170,423 |
Housing Distribution
Address Breakdown
Residential
4,528
Single Family
3,667
Multi-Family
861
Businesses
499
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kalyn Fretwell • ag Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #523026
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.