2326 Shade AveFlorenceAL35630
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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 Florence at 2326 Shade Ave, Florence, AL, 35630 generates $2,234/mo in rent and, after a $792/mo payment, leaves $1,306/mo in cash flow. Total monthly income is $2,234/mo, and annual cash flow is $15,675/yr on $53,670 invested. Return on cash invested sits at 49.12% in year one, and rental yield is 16.56% on a $161,900 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,730 over five years. Five-year ROI reaches 258.94% and total cumulative return in cash sums $138,970. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,234/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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Listed by: Morgan Milam • Modern Market Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #516122
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.