1913 Berry AveFlorenceAL35630
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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 Florence at 1913 Berry Ave, Florence, AL, 35630 uses $77,074 cash to close to unlock $7,855/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $1,967/mo, and a $1,138/mo payment keeps the spread at $655/mo. Purchase price stands at $232,500, and rental yield measures 10.15% with $1,967/mo rent. Return on cash invested shows 30.1% in year one, and 5% annual appreciation builds toward $64,235 over five years. Five-year ROI reaches 156.8% and total cumulative return in cash records $120,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,967/mo property income covering a $1,138/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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