157 N Harris AveSlocombAL36375
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 Slocomb at 157 N Harris Ave, Slocomb, AL, 36375 priced at $225,000 converts $1,074/mo rent into after a $1,101/mo obligation. Total monthly income equals $1,074/mo. Return on cash invested prints 16.76% in year one, and rental yield reads 5.73% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 85.28% and total cumulative return in cash sums $63,609. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,074/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36375, Slocomb, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,600 (100%) |
| Owner Occupied HU | 2,392 (66.4%) |
| Renter Occupied HU | 719 (20.0%) |
| Vacant Housing Units | 489 (13.6%) |
| Median Home Value | $145,968 |
| Average Home Value | $176,801 |
Housing Distribution
Address Breakdown
Residential
3,354
Single Family
3,327
Multi-Family
27
Businesses
172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Luke Dorriety • UNITED COUNTRY FULFORD REALTY
Mls Name: Wiregrass BOR
Mls ID: #554492
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.