2 4th StEclecticAL36024
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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 Eclectic at 2 4th St, Eclectic, AL, 36024 offers $1,619/mo rent that, after a $948/mo payment, leaves $526/mo cash flow. Total monthly income is $1,619/mo, and annual cash flow is $6,310/yr on $64,178 cash. Return on cash invested measures 29.74% in year one, and rental yield stands at 10.04% at a $193,600 entry. Equity gained on principal adds $1,249/yr while 5% annual appreciation compounds into $53,488 by year five. Five-year ROI records 154.86% and total cumulative return in cash reaches $99,387. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,619/mo property income versus a $948/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36024, Eclectic, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,016 (100%) |
| Owner Occupied HU | 2,445 (60.9%) |
| Renter Occupied HU | 467 (11.6%) |
| Vacant Housing Units | 1,104 (27.5%) |
| Median Home Value | $268,794 |
| Average Home Value | $351,645 |
Housing Distribution
Address Breakdown
Residential
3,136
Single Family
3,136
Multi-Family
0
Businesses
187
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