240 S Church StBoazAL35957
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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 Boaz at 240 S Church St, Boaz, AL, 35957 priced at $115,900 converts $930/mo rent into $276/mo cash flow after a $567/mo obligation. Total monthly income equals $930/mo, and annual cash flow totals $3,313/yr on $38,421 invested. Return on cash invested prints 28.53% in year one, and rental yield reads 9.63% against a $115,900 entry. Equity gained on principal adds $748/yr, while 5% annual appreciation compiles into $32,021 by year five. Five-year ROI reaches 148.49% and total cumulative return in cash sums $57,052. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $930/mo property income covering a $567/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35957, Boaz, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,939 (100%) |
| Owner Occupied HU | 4,244 (61.2%) |
| Renter Occupied HU | 2,249 (32.4%) |
| Vacant Housing Units | 446 ( 6.4%) |
| Median Home Value | $164,615 |
| Average Home Value | $229,480 |
Housing Distribution
Address Breakdown
Residential
6,455
Single Family
6,018
Multi-Family
437
Businesses
662
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