24 1st StParrishAL35580
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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 24 1st St, Parrish, AL, 35580 with 5% annual appreciation on a $132,000 basis while $1,668/mo rent supports operations. Total monthly income totals $1,668/mo and a $646/mo payment preserves $923/mo for cash returns. Annual cash flow comes to $11,076/yr on $43,758 deployed, and return on cash invested reaches 45.22% in year one. Equity gained on principal adds $852/yr, and five-year appreciation sums $36,469 alongside rental yield of 15.16%. Five-year ROI measures 237.83% and total cumulative return in cash totals $104,071.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,668/mo property income versus a $646/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.30 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: Stephanie Devine • Spartan Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21428848
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.