244 Meadowcrest DrFlorenceAL35630
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 244 Meadowcrest Dr, Florence, AL, 35630 in Florence: $2,242/mo in rent, $879/mo net, 11.45% gross yield, all on a $234,900 acquisition. The 2.12 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $64,899 in value, and $2,163/yr in principal paydown steadily builds equity. Projected total cumulative return: $145,271.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.5% |
| Monthly Cash Flow | $879 | $400 |
City averages based on Florence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,242 |
| Total Monthly Debt Service | $1,269 |
| DSCR Ratio | 1.77x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1989
3,049 sqft lot
$N/A/sqft
$222 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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
Townhouse
Built in 1989
3,049 sqft lot
$N/A/sqft
$222 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Josh Rumble Team • Nxcel Realty
Mls Name: Strategic MLS Alliance
Mls ID: #519534
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.