16503 State Highway 69JoppaAL35087
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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
Total monthly income runs $0/mo, and a $793/mo payment. Purchase price stands at $162,000, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -0.53% in year one, and 5% annual appreciation builds toward $44,758 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $793/mo payment rather than investor’s personal income.
Multi Family
Built in 1994
2.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35087, Joppa, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 951 (100%) |
| Owner Occupied HU | 703 (73.9%) |
| Renter Occupied HU | 177 (18.6%) |
| Vacant Housing Units | 71 ( 7.5%) |
| Median Home Value | $186,968 |
| Average Home Value | $215,192 |
Housing Distribution
Address Breakdown
Residential
925
Single Family
925
Multi-Family
0
Businesses
29
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Listed by: Donna Nunnelley • Weichert Realtors Cullman
Mls Name: Strategic MLS Alliance
Mls ID: #517829
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.