1659 Providence RdRaglandAL35131
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 Ragland at 1659 Providence Rd, Ragland, AL, 35131 generates $2,042/mo in rent and, after a $1,708/mo payment, leaves $72/mo in cash flow. Total monthly income is $2,042/mo, and annual cash flow is $867/yr on $115,694 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 7.02% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 106.16% and total cumulative return in cash sums $122,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,042/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35131, Ragland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,878 (100%) |
| Owner Occupied HU | 1,349 (71.8%) |
| Renter Occupied HU | 313 (16.7%) |
| Vacant Housing Units | 216 (11.5%) |
| Median Home Value | $199,702 |
| Average Home Value | $237,767 |
Housing Distribution
Address Breakdown
Residential
1,699
Single Family
1,699
Multi-Family
0
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices