2999 9th St WRed BayAL35582
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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 Red Bay at 2999 9th St W, Red Bay, AL, 35582 generates $2,923/mo in rent and, after a $734/mo payment, leaves $2,059/mo in cash flow. Total monthly income is $2,923/mo, and annual cash flow is $24,706/yr on $49,725 invested. Return on cash invested sits at 69.6% in year one, and rental yield is 23.38% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 368.71% and total cumulative return in cash sums $183,342. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,923/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
4.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35582, Red Bay, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 1,160 (55.9%) |
| Renter Occupied HU | 622 (30.0%) |
| Vacant Housing Units | 294 (14.2%) |
| Median Home Value | $121,719 |
| Average Home Value | $159,573 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,608
Multi-Family
119
Businesses
191
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Listed by: Jody Farris • BrickDriven Realty Florence
Mls Name: Strategic MLS Alliance
Mls ID: #513635
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.