1563 McKesie StRiversideAL35135
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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 Riverside at 1563 McKesie St, Riverside, AL, 35135 uses $102,069 cash to close to unlock $9,439/yr annual cash flow and $787/mo monthly cash flow. Total monthly income runs $2,537/mo, and a $1,507/mo payment keeps the spread at $787/mo. Purchase price stands at $307,900, and rental yield measures 9.89% with $2,537/mo rent. Return on cash invested shows 29.16% in year one, and 5% annual appreciation builds toward $85,067 over five years. Five-year ROI reaches 151.79% and total cumulative return in cash records $154,928. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,537/mo property income covering a $1,507/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.79 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35135, Riverside, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 622 (62.9%) |
| Renter Occupied HU | 255 (25.8%) |
| Vacant Housing Units | 112 (11.3%) |
| Median Home Value | $281,553 |
| Average Home Value | $320,691 |
Housing Distribution
Address Breakdown
Residential
889
Single Family
889
Multi-Family
0
Businesses
37
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Listed by: Jeffrey Harris • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21403353
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.