292 County Road 323IderAL35981
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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 Ider at 292 County Road 323, Ider, AL, 35981 uses $39,449 cash to close to unlock $4,689/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,062/mo, and a $582/mo payment keeps the spread at $391/mo. Purchase price stands at $119,000, and rental yield measures 10.71% with $1,062/mo rent. Return on cash invested shows 31.8% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 165.89% and total cumulative return in cash records $65,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,062/mo property income covering a $582/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
10.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35981, Ider, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 959 (100%) |
| Owner Occupied HU | 698 (72.8%) |
| Renter Occupied HU | 176 (18.4%) |
| Vacant Housing Units | 85 ( 8.9%) |
| Median Home Value | $179,167 |
| Average Home Value | $246,701 |
Housing Distribution
Address Breakdown
Residential
870
Single Family
870
Multi-Family
0
Businesses
67
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