223 Horizon StSylvaniaAL35988
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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 Sylvania at 223 Horizon St, Sylvania, AL, 35988 priced at $249,900 converts $1,496/mo rent into $86/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $1,027/yr on $82,842 invested. Return on cash invested prints 21.15% in year one, and rental yield reads 7.18% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 108.8% and total cumulative return in cash sums $90,134. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 2004
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35988, Sylvania, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 815 (100%) |
| Owner Occupied HU | 577 (70.8%) |
| Renter Occupied HU | 160 (19.6%) |
| Vacant Housing Units | 78 ( 9.6%) |
| Median Home Value | $167,917 |
| Average Home Value | $209,818 |
Housing Distribution
Address Breakdown
Residential
755
Single Family
755
Multi-Family
0
Businesses
30
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