262 County Road 612HancevilleAL35077
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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
Total monthly income runs $1,825/mo, and a $1,884/mo payment. Purchase price stands at $385,000, and rental yield measures 5.69% with $1,825/mo rent. Return on cash invested shows 16.64% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 84.61% and total cumulative return in cash records $107,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,825/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1968
8.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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Listed by: Joshua S White • RealtySouth - Cullman Office
Mls Name: Strategic MLS Alliance
Mls ID: #518435
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.