1668 W 3rd StLuverneAL36049
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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 Luverne at 1668 W 3rd St, Luverne, AL, 36049 offers a 15.04% rental yield on a $133,900 purchase with $1,678/mo rent. Total monthly income registers $1,678/mo, and a $655/mo payment leaves $866/mo available for distribution. Annual cash flow reaches $10,391/yr on $44,388 to close, and return on cash invested stands at 43.32% in year one. Equity gained on principal adds $864/yr while 5% annual appreciation supports $36,994 over five years. Portfolio math shows five-year ROI at 228.23% and total cumulative return in cash at $101,307. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,678/mo property income against a $655/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
1,820 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36049, Luverne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 1,518 (59.9%) |
| Renter Occupied HU | 715 (28.2%) |
| Vacant Housing Units | 303 (11.9%) |
| Median Home Value | $165,929 |
| Average Home Value | $187,622 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,320
Multi-Family
110
Businesses
308
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