234 Hathaway StBlackAL36314
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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 Black at 234 Hathaway St, Black, AL, 36314 uses $84,533 cash to close to unlock $573/yr annual cash flow and $48/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $1,248/mo payment keeps the spread at $48/mo. Purchase price stands at $255,000, and rental yield measures 7% with $1,487/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 105.77% and total cumulative return in cash records $89,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1920
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36314, Black, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 346 (100%) |
| Owner Occupied HU | 238 (68.8%) |
| Renter Occupied HU | 59 (17.1%) |
| Vacant Housing Units | 49 (14.2%) |
| Median Home Value | $119,048 |
| Average Home Value | $129,454 |
Housing Distribution
Address Breakdown
Residential
259
Single Family
259
Multi-Family
0
Businesses
12
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