2304 Main StLouisvilleAL36048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Louisville at 2304 Main St, Louisville, AL, 36048 listed at $149,900 pairs $1,386/mo rent with a $734/mo payment to leave $540/mo cash flow. Total monthly income runs $1,386/mo, and annual cash flow reaches $6,475/yr on $49,692 cash to close. Return on cash invested measures 32.94% in year one, and rental yield registers 11.1% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 172.06% and total cumulative return in cash totals $85,499. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,386/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36048, Louisville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 666 (100%) |
| Owner Occupied HU | 389 (58.4%) |
| Renter Occupied HU | 111 (16.7%) |
| Vacant Housing Units | 166 (24.9%) |
| Median Home Value | $102,163 |
| Average Home Value | $149,569 |
Housing Distribution
Address Breakdown
Residential
585
Single Family
585
Multi-Family
0
Businesses
36
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Listed by: Alyssa Crouch • Herring Realty
Mls Name: Eufaula BOR
Mls ID: #26992
Disclaimer: Copyright Eufaula Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.