206 N Main StColumbiaAL36319
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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 Columbia at 206 N Main St, Columbia, AL, 36319 generates $2,024/mo in rent and, after a $1,542/mo payment, leaves $246/mo in cash flow. Total monthly income is $2,024/mo, and annual cash flow is $2,949/yr on $104,423 invested. Return on cash invested sits at 22.73% in year one, and rental yield is 7.71% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash sums $122,465. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,024/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36319, Columbia, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,341 (100%) |
| Owner Occupied HU | 896 (66.8%) |
| Renter Occupied HU | 230 (17.2%) |
| Vacant Housing Units | 215 (16.0%) |
| Median Home Value | $169,257 |
| Average Home Value | $187,695 |
Housing Distribution
Address Breakdown
Residential
967
Single Family
967
Multi-Family
0
Businesses
47
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Listed by: Cristi Dean • Keller Williams Southeast Alabama
Mls Name: SAMLS
Mls ID: #203869
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.