208 1st St NReformAL35481
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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 Reform at 208 1st St N, Reform, AL, 35481 uses $41,438 cash to close to unlock $2,943/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $951/mo, and a $612/mo payment keeps the spread at $245/mo. Purchase price stands at $125,000, and rental yield measures 9.13% with $951/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 140.29% and total cumulative return in cash records $58,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $951/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35481, Reform, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,566 (100%) |
| Owner Occupied HU | 1,016 (64.9%) |
| Renter Occupied HU | 365 (23.3%) |
| Vacant Housing Units | 185 (11.8%) |
| Median Home Value | $118,852 |
| Average Home Value | $166,078 |
Housing Distribution
Address Breakdown
Residential
1,236
Single Family
1,236
Multi-Family
0
Businesses
99
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Listed by: Loren Elmore Thomley • Keller Williams Tuscaloosa
Mls Name: WAMLS
Mls Provider:
Mls ID: #166670
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.