244 Sherwood DrAltoonaAL35952
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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 Altoona at 244 Sherwood Dr, Altoona, AL, 35952 offers a 10.21% rental yield on a $255,000 purchase with $2,170/mo rent. Total monthly income registers $2,170/mo, and a $1,248/mo payment leaves $731/mo available for distribution. Annual cash flow reaches $8,769/yr on $84,533 to close, and return on cash invested stands at 30.28% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 157.77% and total cumulative return in cash at $133,364. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,170/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35952, Altoona, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,449 (100%) |
| Owner Occupied HU | 2,375 (68.9%) |
| Renter Occupied HU | 771 (22.4%) |
| Vacant Housing Units | 303 ( 8.8%) |
| Median Home Value | $180,774 |
| Average Home Value | $215,077 |
Housing Distribution
Address Breakdown
Residential
3,173
Single Family
3,148
Multi-Family
25
Businesses
156
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