242 Rainbow Ave SRainsvilleAL35986
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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 Rainsville at 242 Rainbow Ave S, Rainsville, AL, 35986 listed at $357,000 pairs $1,756/mo rent with a $1,747/mo payment. Total monthly income runs $1,756/mo. Return on cash invested measures 17.29% in year one, and rental yield registers 5.9% at a $357,000 basis. Equity gained on principal adds $2,304/yr, and annual property appreciation at 5% supports $98,633 by year five. Five-year ROI tracks 88.08% and total cumulative return in cash totals $104,236. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,756/mo property income relative to a $1,747/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35986, Rainsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,641 (100%) |
| Owner Occupied HU | 2,573 (70.7%) |
| Renter Occupied HU | 806 (22.1%) |
| Vacant Housing Units | 262 ( 7.2%) |
| Median Home Value | $238,413 |
| Average Home Value | $272,546 |
Housing Distribution
Address Breakdown
Residential
3,473
Single Family
3,393
Multi-Family
80
Businesses
326
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Listed by: Skyler Vaughn • Real Broker LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21878253
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