2993 County Road 702HancevilleAL35077
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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 Hanceville at 2993 County Road 702, Hanceville, AL, 35077 earns $440/mo cash flow from $1,529/mo rent with a $944/mo payment. Total monthly income totals $1,529/mo, and annual cash flow totals $5,284/yr on $63,946 capital. ROI tracks 28.17% on current figures, and rental yield reads 9.51% at a $192,900 purchase. Equity gained on principal adds $1,245/yr, and 5% annual appreciation supports $53,295 over five years. Five-year ROI reaches 146.5% and total cumulative return in cash sums $93,683. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,529/mo property income instead of your personal income.
Manufactured
Built in 2001
2.90 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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Nearby investment properties with comparable prices
Listed by: Jennifer Limerick • Integrity Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #525131