24147 5th AveFloralaAL36442
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 Florala at 24147 5th Ave, Florala, AL, 36442 uses $64,609 cash to close to unlock $1,198/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $954/mo payment keeps the spread at $100/mo. Purchase price stands at $194,900, and rental yield measures 7.39% with $1,200/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 112.06% and total cumulative return in cash records $72,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1920
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36442, Florala, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,827 (100%) |
| Owner Occupied HU | 999 (54.7%) |
| Renter Occupied HU | 435 (23.8%) |
| Vacant Housing Units | 393 (21.5%) |
| Median Home Value | $162,284 |
| Average Home Value | $178,839 |
Housing Distribution
Address Breakdown
Residential
1,637
Single Family
1,561
Multi-Family
76
Businesses
150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices