234 Choctaw TrlLocust ForkAL35097
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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 Locust Fork at 234 Choctaw Trl, Locust Fork, AL, 35097 priced at $170,000 pairs $1,550/mo rent with $591/mo cash flow after a $832/mo payment. Total monthly income equals $1,550/mo, and annual cash flow comes to $7,086/yr on $56,355 invested. Return on cash invested is 32.48% in year one, and rental yield stands at 10.94% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 169.6% and total cumulative return in cash reaches $95,577. For financing, Ziffy Mortgage’s DSCR program evaluates $1,550/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2002
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35097, Locust Fork, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 685 (100%) |
| Owner Occupied HU | 550 (80.3%) |
| Renter Occupied HU | 91 (13.3%) |
| Vacant Housing Units | 44 ( 6.4%) |
| Median Home Value | $179,245 |
| Average Home Value | $196,936 |
Housing Distribution
Address Breakdown
Residential
676
Single Family
676
Multi-Family
0
Businesses
57
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Listed by: Heather Land • RealtySouth - Cullman Office
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398554
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.