237 Piney Ridge RdParrishAL35580
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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 Parrish at 237 Piney Ridge Rd, Parrish, AL, 35580 uses $53,040 cash to close to unlock $4,368/yr annual cash flow and $364/mo monthly cash flow. Total monthly income runs $1,267/mo, and a $783/mo payment keeps the spread at $364/mo. Purchase price stands at $160,000, and rental yield measures 9.5% with $1,267/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 146.27% and total cumulative return in cash records $77,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,267/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 2001
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35580, Parrish, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,841 (100%) |
| Owner Occupied HU | 1,293 (70.2%) |
| Renter Occupied HU | 306 (16.6%) |
| Vacant Housing Units | 242 (13.1%) |
| Median Home Value | $119,742 |
| Average Home Value | $159,797 |
Housing Distribution
Address Breakdown
Residential
1,544
Single Family
1,544
Multi-Family
0
Businesses
63
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Listed by: Steven Pharo • EXIT Justice Realty - Gardenda
Mls Name: GALMLS
Mls Provider:
Mls ID: #21424377
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.