213 Laura CtFlorenceAL35630
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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 213 Laura Ct, Florence, AL, 35630 offers a 10.05% rental yield on a $273,000 purchase with $2,287/mo rent. Total monthly income registers $2,287/mo, and a $1,336/mo payment leaves $696/mo available for distribution. Annual cash flow reaches $8,355/yr on $90,500 to close, and return on cash invested stands at 29.14% in year one. Equity gained on principal adds $1,762/yr while 5% annual appreciation supports $75,425 over five years. Portfolio math shows five-year ROI at 151.91% and total cumulative return in cash at $137,479. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,287/mo property income against a $1,336/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.33 Acres lot
$N/A/sqft
$300 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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Listed by: Babs Moody • Renaissance Realty
Mls Name: Strategic MLS Alliance
Mls ID: #523667
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.