29409 Carnaby LnToneyAL35773
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Toney at 29409 Carnaby Ln, Toney, AL, 35773 uses $116,158 cash to close to unlock $4,802/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,378/mo, and a $1,715/mo payment keeps the spread at $400/mo. Purchase price stands at $350,400, and rental yield measures 8.14% with $2,378/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $96,809 over five years. Five-year ROI reaches 124.33% and total cumulative return in cash records $144,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,378/mo property income covering a $1,715/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 2021
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35773, Toney, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,984 (100%) |
| Owner Occupied HU | 4,797 (80.2%) |
| Renter Occupied HU | 842 (14.1%) |
| Vacant Housing Units | 345 ( 5.8%) |
| Median Home Value | $288,999 |
| Average Home Value | $321,629 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
5,954
Multi-Family
0
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices