2217 Bower DrFlorenceAL35630
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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 2217 Bower Dr, Florence, AL, 35630 uses $135,882 cash to close to unlock $578/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $2,460/mo, and a $2,006/mo payment keeps the spread at $48/mo. Purchase price stands at $409,900, and rental yield measures 7.2% with $2,460/mo rent. Return on cash invested shows 20.33% in year one, and 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 104.74% and total cumulative return in cash records $142,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,460/mo property income covering a $2,006/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.30 Acres lot
$N/A/sqft
No 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: Regina Clark • Regina Coates Real Estate, Inc
Mls Name: Strategic MLS Alliance
Mls ID: #522849
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.