24779 State Highway 176CollinsvilleAL35961
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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 Collinsville at 24779 State Highway 176, Collinsville, AL, 35961 listed at $107,000 pairs $1,195/mo rent with a $524/mo payment to leave $591/mo cash flow. Total monthly income runs $1,195/mo, and annual cash flow reaches $7,089/yr on $35,471 cash to close. Return on cash invested measures 39.89% in year one, and rental yield registers 13.4% at a $107,000 basis. Equity gained on principal adds $690/yr, and annual property appreciation at 5% supports $29,562 by year five. Five-year ROI tracks 209.33% and total cumulative return in cash totals $74,250. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,195/mo property income relative to a $524/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1994
5.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35961, Collinsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 1,613 (62.3%) |
| Renter Occupied HU | 620 (23.9%) |
| Vacant Housing Units | 356 (13.8%) |
| Median Home Value | $159,182 |
| Average Home Value | $218,946 |
Housing Distribution
Address Breakdown
Residential
2,006
Single Family
1,970
Multi-Family
36
Businesses
90
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Listed by: Kevin Cunningham • Foothills Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21394381
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.