23 Indiana AveThorsbyAL35171
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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 Thorsby at 23 Indiana Ave, Thorsby, AL, 35171 listed at $259,900 pairs $1,849/mo rent with a $1,272/mo payment to leave $382/mo cash flow. Total monthly income runs $1,849/mo, and annual cash flow reaches $4,585/yr on $86,157 cash to close. Return on cash invested measures 25.23% in year one, and rental yield registers 8.54% at a $259,900 basis. Equity gained on principal adds $1,677/yr, and annual property appreciation at 5% supports $71,806 by year five. Five-year ROI tracks 130.73% and total cumulative return in cash totals $112,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,849/mo property income relative to a $1,272/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35171, Thorsby, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,700 (100%) |
| Owner Occupied HU | 1,316 (77.4%) |
| Renter Occupied HU | 231 (13.6%) |
| Vacant Housing Units | 153 ( 9.0%) |
| Median Home Value | $194,844 |
| Average Home Value | $222,990 |
Housing Distribution
Address Breakdown
Residential
1,333
Single Family
1,333
Multi-Family
0
Businesses
73
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Listed by: Elizabeth Bridwell • Keller Williams Metro South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21418464
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.