1923 Providence RdRaglandAL35131
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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 Ragland at 1923 Providence Rd, Ragland, AL, 35131 uses $44,819 cash to close to unlock $21,859/yr annual cash flow and $1,822/mo monthly cash flow. Total monthly income runs $2,585/mo, and a $662/mo payment keeps the spread at $1,822/mo. Purchase price stands at $135,200, and rental yield measures 22.94% with $2,585/mo rent. Return on cash invested shows 68.68% in year one, and 5% annual appreciation builds toward $37,353 over five years. Five-year ROI reaches 363.69% and total cumulative return in cash records $162,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,585/mo property income covering a $662/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35131, Ragland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,878 (100%) |
| Owner Occupied HU | 1,349 (71.8%) |
| Renter Occupied HU | 313 (16.7%) |
| Vacant Housing Units | 216 (11.5%) |
| Median Home Value | $199,702 |
| Average Home Value | $237,767 |
Housing Distribution
Address Breakdown
Residential
1,699
Single Family
1,699
Multi-Family
0
Businesses
67
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