229 County Road 6644BanksAL36005
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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 Banks at 229 County Road 6644, Banks, AL, 36005 generates $1,316/mo in rent and, after a $653/mo payment, leaves $563/mo in cash flow. Total monthly income is $1,316/mo, and annual cash flow is $6,755/yr on $44,222 invested. Return on cash invested sits at 35.19% in year one, and rental yield is 11.84% on a $133,400 entry. Equity gained on principal adds $861/yr, while 5% annual appreciation builds toward $36,856 over five years. Five-year ROI reaches 184.04% and total cumulative return in cash sums $81,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,316/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36005, Banks, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 630 (68.3%) |
| Renter Occupied HU | 134 (14.5%) |
| Vacant Housing Units | 159 (17.2%) |
| Median Home Value | $191,667 |
| Average Home Value | $224,933 |
Housing Distribution
Address Breakdown
Residential
942
Single Family
942
Multi-Family
0
Businesses
60
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