202 Alabama Ave NEHancevilleAL35077
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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 Hanceville at 202 Alabama Ave NE, Hanceville, AL, 35077 priced at $178,000 converts $1,406/mo rent into $402/mo cash flow after a $871/mo obligation. Total monthly income equals $1,406/mo, and annual cash flow totals $4,818/yr on $59,007 invested. Return on cash invested prints 28.07% in year one, and rental yield reads 9.48% against a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation compiles into $49,178 by year five. Five-year ROI reaches 145.94% and total cumulative return in cash sums $86,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,406/mo property income covering a $871/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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Listed by: Stacey Smith • Nexthome Limitless Realty
Mls Name: Strategic MLS Alliance
Mls ID: #526021