1606 High StSheffieldAL35660
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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 Sheffield at 1606 High St, Sheffield, AL, 35660 priced at $163,000 converts $1,559/mo rent into $607/mo cash flow after a $798/mo obligation. Total monthly income equals $1,559/mo, and annual cash flow totals $7,288/yr on $54,035 invested. Return on cash invested prints 33.4% in year one, and rental yield reads 11.48% against a $163,000 entry. Equity gained on principal adds $1,052/yr, while 5% annual appreciation compiles into $45,034 by year five. Five-year ROI reaches 174.77% and total cumulative return in cash sums $94,435. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,559/mo property income covering a $798/mo payment, not borrower’s personal income.
Single Family
Built in 1941
8,712 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
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Listed by: Gena Killen • Renaissance Realty
Mls Name: Strategic MLS Alliance
Mls ID: #518878
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.