228 Joy StTallasseeAL36078
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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 Tallassee at 228 Joy St, Tallassee, AL, 36078 offers a 10.92% rental yield on a $199,500 purchase with $1,816/mo rent. Total monthly income registers $1,816/mo, and a $976/mo payment leaves $690/mo available for distribution. Annual cash flow reaches $8,284/yr on $66,134 to close, and return on cash invested stands at 32.44% in year one. Equity gained on principal adds $1,287/yr while 5% annual appreciation supports $55,118 over five years. Portfolio math shows five-year ROI at 169.34% and total cumulative return in cash at $111,991. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,816/mo property income against a $976/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36078, Tallassee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,580 (100%) |
| Owner Occupied HU | 4,111 (62.5%) |
| Renter Occupied HU | 1,681 (25.5%) |
| Vacant Housing Units | 788 (12.0%) |
| Median Home Value | $218,944 |
| Average Home Value | $267,663 |
Housing Distribution
Address Breakdown
Residential
6,082
Single Family
5,839
Multi-Family
243
Businesses
455
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