1943 Old Big Cove Rd SEOwens Cross RoadsAL35763
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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 Owens Cross Roads at 1943 Old Big Cove Rd SE, Owens Cross Roads, AL, 35763 offers a 6.9% rental yield on a $649,900 purchase with $3,738/mo rent. Total monthly income registers $3,738/mo, and a $3,181/mo payment leaves $68/mo available for distribution. Annual cash flow reaches $815/yr on $213,817 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,555 over five years. Portfolio math shows five-year ROI at 104.94% and total cumulative return in cash at $224,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,738/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35763, Owens Cross Roads, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,206 (100%) |
| Owner Occupied HU | 7,738 (84.1%) |
| Renter Occupied HU | 1,165 (12.7%) |
| Vacant Housing Units | 303 ( 3.3%) |
| Median Home Value | $436,995 |
| Average Home Value | $478,066 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
9,173
Multi-Family
0
Businesses
322
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Listed by: Erin England • Matt Curtis Real Estate, Inc.
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21889695
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