2810 Waldridge StFlorenceAL35633
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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 Florence at 2810 Waldridge St, Florence, AL, 35633 generates $1,601/mo in rent and, after a $1,126/mo payment, leaves $303/mo in cash flow. Total monthly income is $1,601/mo, and annual cash flow is $3,630/yr on $76,245 invested. Return on cash invested sits at 24.67% in year one, and rental yield is 8.35% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 127.68% and total cumulative return in cash sums $97,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,601/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35633, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,363 (100%) |
| Owner Occupied HU | 6,846 (73.1%) |
| Renter Occupied HU | 1,753 (18.7%) |
| Vacant Housing Units | 764 ( 8.2%) |
| Median Home Value | $212,457 |
| Average Home Value | $235,077 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,535
Multi-Family
342
Businesses
275
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Listed by: Lizzie Spillers • Coldwell Banker Pinnacle Properties
Mls Name: Strategic MLS Alliance
Mls ID: #520468
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.