2516 17th AveNorthportAL35476
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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
Rental property for sale in Northport at 2516 17th Ave, Northport, AL, 35476 generates $2,132/mo in rent and, after a $1,155/mo payment, leaves $796/mo in cash flow. Total monthly income is $2,132/mo, and annual cash flow is $9,548/yr on $78,234 invested. Return on cash invested sits at 32.11% in year one, and rental yield is 10.84% on a $236,000 entry. Equity gained on principal adds $1,523/yr, while 5% annual appreciation builds toward $65,202 over five years. Five-year ROI reaches 167.63% and total cumulative return in cash sums $131,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,132/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35476, Northport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,658 (100%) |
| Owner Occupied HU | 1,519 (41.5%) |
| Renter Occupied HU | 1,862 (50.9%) |
| Vacant Housing Units | 277 ( 7.6%) |
| Median Home Value | $196,701 |
| Average Home Value | $231,460 |
Housing Distribution
Address Breakdown
Residential
3,462
Single Family
3,124
Multi-Family
338
Businesses
938
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Listed by: Andrea Marshall • 1st Class Real Estate South Home Group
Mls Name: WAMLS
Mls Provider:
Mls ID: #167782
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.