300 Justice AveLuverneAL36049
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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 Luverne at 300 Justice Ave, Luverne, AL, 36049 priced at $289,000 pairs $1,075/mo rent with after a $1,415/mo payment. Total monthly income equals $1,075/mo. Return on cash invested is 12.94% in year one, and rental yield stands at 4.46% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 64.79% and total cumulative return in cash reaches $62,066. For financing, Ziffy Mortgage’s DSCR program evaluates $1,075/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2012
45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36049, Luverne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 1,518 (59.9%) |
| Renter Occupied HU | 715 (28.2%) |
| Vacant Housing Units | 303 (11.9%) |
| Median Home Value | $165,929 |
| Average Home Value | $187,622 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,320
Multi-Family
110
Businesses
308
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