182 Coves CtFlorenceAL35634
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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 182 Coves Ct, Florence, AL, 35634 generates $2,629/mo in rent and, after a $1,451/mo payment, leaves $956/mo in cash flow. Total monthly income is $2,629/mo, and annual cash flow is $11,468/yr on $98,290 invested. Return on cash invested sits at 31.58% in year one, and rental yield is 10.64% on a $296,500 entry. Equity gained on principal adds $1,913/yr, while 5% annual appreciation builds toward $81,917 over five years. Five-year ROI reaches 164.7% and total cumulative return in cash sums $161,885. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,629/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.58 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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Listed by: Kanda A Calvert • CENTURY 21 Clement Realty, Inc
Mls Name: Strategic MLS Alliance
Mls ID: #524424
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.