302 Alabama Ave SEHancevilleAL35077
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
Rental property for sale in Hanceville at 302 Alabama Ave SE, Hanceville, AL, 35077 priced at $179,000 converts $1,536/mo rent into $526/mo cash flow after a $876/mo obligation. Total monthly income equals $1,536/mo, and annual cash flow totals $6,309/yr on $59,339 invested. Return on cash invested prints 30.54% in year one, and rental yield reads 10.3% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 159.16% and total cumulative return in cash sums $94,443. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,536/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lewis G Dover • DOVER REAL ESTATE LLC
Mls Name: Strategic MLS Alliance
Mls ID: #526256