1816 Skypark RdFlorenceAL35634
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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 Florence at 1816 Skypark Rd, Florence, AL, 35634 priced at $703,420 converts $2,149/mo rent into after a $3,443/mo obligation. Total monthly income equals $2,149/mo. Return on cash invested prints 10.62% in year one, and rental yield reads 3.67% against a $703,420 entry. Equity gained on principal adds $4,539/yr, while 5% annual appreciation compiles into $194,342 by year five. Five-year ROI reaches 52.26% and total cumulative return in cash sums $120,933. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,149/mo property income covering a $3,443/mo payment, not borrower’s personal income.
Single Family
Built in 1959
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35634, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,052 (100%) |
| Owner Occupied HU | 3,757 (74.4%) |
| Renter Occupied HU | 789 (15.6%) |
| Vacant Housing Units | 506 (10.0%) |
| Median Home Value | $294,579 |
| Average Home Value | $371,757 |
Housing Distribution
Address Breakdown
Residential
4,809
Single Family
4,706
Multi-Family
103
Businesses
203
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