193 Progress LnCentreAL35960
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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 Centre at 193 Progress Ln, Centre, AL, 35960 earns $722/mo cash flow from $2,354/mo rent with a $1,415/mo payment. Total monthly income totals $2,354/mo, and annual cash flow totals $8,667/yr on $95,804 capital. ROI tracks 28.96% on current figures, and rental yield reads 9.77% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 150.67% and total cumulative return in cash sums $144,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,354/mo property income instead of your personal income.
Single Family
Built in 1994
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35960, Centre, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,915 (100%) |
| Owner Occupied HU | 3,169 (53.6%) |
| Renter Occupied HU | 935 (15.8%) |
| Vacant Housing Units | 1,811 (30.6%) |
| Median Home Value | $248,768 |
| Average Home Value | $313,077 |
Housing Distribution
Address Breakdown
Residential
4,738
Single Family
4,590
Multi-Family
148
Businesses
496
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