2407 23rd StNorthportAL35476
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Northport at 2407 23rd St, Northport, AL, 35476 uses $115,992 cash to close to unlock $5,623/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $2,444/mo, and a $1,713/mo payment keeps the spread at $469/mo. Purchase price stands at $349,900, and rental yield measures 8.38% with $2,444/mo rent. Return on cash invested shows 24.76% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 128.15% and total cumulative return in cash records $148,638. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,444/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35476, Northport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,658 (100%) |
| Owner Occupied HU | 1,519 (41.5%) |
| Renter Occupied HU | 1,862 (50.9%) |
| Vacant Housing Units | 277 ( 7.6%) |
| Median Home Value | $196,701 |
| Average Home Value | $231,460 |
Housing Distribution
Address Breakdown
Residential
3,462
Single Family
3,124
Multi-Family
338
Businesses
938
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices