3015 Highway 624RussellvilleAL35653
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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 Russellville at 3015 Highway 624, Russellville, AL, 35653 offers a 7.1% rental yield on a $365,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,786/mo payment leaves $100/mo available for distribution. Annual cash flow reaches $1,203/yr on $120,998 to close, and return on cash invested stands at 20.9% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 107.49% and total cumulative return in cash at $130,063. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
6.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35653, Russellville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,821 (100%) |
| Owner Occupied HU | 2,785 (57.8%) |
| Renter Occupied HU | 1,435 (29.8%) |
| Vacant Housing Units | 601 (12.5%) |
| Median Home Value | $168,133 |
| Average Home Value | $207,672 |
Housing Distribution
Address Breakdown
Residential
4,371
Single Family
4,186
Multi-Family
185
Businesses
521
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Listed by: Brenda Hunt • CRC Realty, Inc.
Mls Name: Strategic MLS Alliance
Mls ID: #523530
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.