23363 State Highway 9GoodwaterAL35072
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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 Goodwater at 23363 State Highway 9, Goodwater, AL, 35072 uses $74,554 cash to close to unlock $4,852/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $1,101/mo payment keeps the spread at $404/mo. Purchase price stands at $224,900, and rental yield measures 8.93% with $1,674/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 137.07% and total cumulative return in cash records $102,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1956
1.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35072, Goodwater, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,346 (100%) |
| Owner Occupied HU | 1,458 (62.1%) |
| Renter Occupied HU | 501 (21.4%) |
| Vacant Housing Units | 387 (16.5%) |
| Median Home Value | $116,908 |
| Average Home Value | $180,019 |
Housing Distribution
Address Breakdown
Residential
1,738
Single Family
1,738
Multi-Family
0
Businesses
69
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