204 Casey LnFlorenceAL35633
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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 Florence at 204 Casey Ln, Florence, AL, 35633 offers a 9.12% rental yield on a $249,600 purchase with $1,896/mo rent. Total monthly income registers $1,896/mo, and a $1,222/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,579/yr on $82,742 to close, and return on cash invested stands at 24.23% in year one. Equity gained on principal adds $1,611/yr while 5% annual appreciation supports $68,960 over five years. Portfolio math shows five-year ROI at 126.35% and total cumulative return in cash at $104,548. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,896/mo property income against a $1,222/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
8,276 sqft lot
$N/A/sqft
$755 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35633, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,363 (100%) |
| Owner Occupied HU | 6,846 (73.1%) |
| Renter Occupied HU | 1,753 (18.7%) |
| Vacant Housing Units | 764 ( 8.2%) |
| Median Home Value | $212,457 |
| Average Home Value | $235,077 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,535
Multi-Family
342
Businesses
275
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Listed by: Adam R Gamble • RE/MAX Tri-State
Mls Name: Strategic MLS Alliance
Mls ID: #522890
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.