189 Viking DrParrishAL35580
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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 Parrish at 189 Viking Dr, Parrish, AL, 35580 generates $1,075/mo in rent and, after a $685/mo payment, leaves $285/mo in cash flow. Total monthly income is $1,075/mo, and annual cash flow is $3,421/yr on $46,377 invested. Return on cash invested sits at 27.29% in year one, and rental yield is 9.22% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 141.83% and total cumulative return in cash sums $65,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,075/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35580, Parrish, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,841 (100%) |
| Owner Occupied HU | 1,293 (70.2%) |
| Renter Occupied HU | 306 (16.6%) |
| Vacant Housing Units | 242 (13.1%) |
| Median Home Value | $119,742 |
| Average Home Value | $159,797 |
Housing Distribution
Address Breakdown
Residential
1,544
Single Family
1,544
Multi-Family
0
Businesses
63
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Listed by: Samantha Beard • 1st Class Real Estate - Powerh
Mls Name: GALMLS
Mls Provider:
Mls ID: #21407618
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.