245 N Broadway StFlorenceAL35630
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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 Florence at 245 N Broadway St, Florence, AL, 35630 listed at $158,250 pairs $1,980/mo rent with a $775/mo payment to leave $1,086/mo cash flow. Total monthly income runs $1,980/mo, and annual cash flow reaches $13,036/yr on $52,460 cash to close. Return on cash invested measures 44.76% in year one, and rental yield registers 15.01% at a $158,250 basis. Equity gained on principal adds $1,021/yr, and annual property appreciation at 5% supports $43,722 by year five. Five-year ROI tracks 235.43% and total cumulative return in cash totals $123,508. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,980/mo property income relative to a $775/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
0.27 Acres lot
$N/A/sqft
No 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
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Listed by: Sunjay Dover • Modern Market Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #522992
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.