157 Boman Ave NWVernonAL35592
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 Vernon at 157 Boman Ave NW, Vernon, AL, 35592 generates $2,292/mo in rent and, after a $739/mo payment, leaves $1,440/mo in cash flow. Total monthly income is $2,292/mo, and annual cash flow is $17,277/yr on $50,057 invested. Return on cash invested sits at 54.42% in year one, and rental yield is 18.21% on a $151,000 entry. Equity gained on principal adds $974/yr, while 5% annual appreciation builds toward $41,719 over five years. Five-year ROI reaches 287.21% and total cumulative return in cash sums $143,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,292/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35592, Vernon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,364 (60.0%) |
| Renter Occupied HU | 535 (23.5%) |
| Vacant Housing Units | 375 (16.5%) |
| Median Home Value | $136,699 |
| Average Home Value | $159,173 |
Housing Distribution
Address Breakdown
Residential
1,749
Single Family
1,709
Multi-Family
40
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices