151 Memorial DrRainsvilleAL35986
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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
Rental property for sale in Rainsville at 151 Memorial Dr, Rainsville, AL, 35986 priced at $216,500 converts $1,994/mo rent into $772/mo cash flow after a $1,060/mo obligation. Total monthly income equals $1,994/mo, and annual cash flow totals $9,259/yr on $71,770 invested. Return on cash invested prints 32.81% in year one, and rental yield reads 11.05% against a $216,500 entry. Equity gained on principal adds $1,397/yr, while 5% annual appreciation compiles into $59,815 by year five. Five-year ROI reaches 171.34% and total cumulative return in cash sums $122,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,994/mo property income covering a $1,060/mo payment, not borrower’s personal income.
Single Family
Built in 2002
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35986, Rainsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,641 (100%) |
| Owner Occupied HU | 2,573 (70.7%) |
| Renter Occupied HU | 806 (22.1%) |
| Vacant Housing Units | 262 ( 7.2%) |
| Median Home Value | $238,413 |
| Average Home Value | $272,546 |
Housing Distribution
Address Breakdown
Residential
3,473
Single Family
3,393
Multi-Family
80
Businesses
326
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