1609 Lamar StFlorenceAL35630
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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 Florence at 1609 Lamar St, Florence, AL, 35630 earns $764/mo cash flow from $1,969/mo rent with a $1,045/mo payment. Total monthly income totals $1,969/mo, and annual cash flow totals $9,166/yr on $70,808 capital. ROI tracks 32.85% on current figures, and rental yield reads 11.06% at a $213,600 purchase. Equity gained on principal adds $1,378/yr, and 5% annual appreciation supports $59,014 over five years. Five-year ROI reaches 171.53% and total cumulative return in cash sums $121,458. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,969/mo property income instead of your personal income.
Single Family
Built in 1959
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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