304 Elder StFlorenceAL35630
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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 Florence at 304 Elder St, Florence, AL, 35630 at $145,500 posts ROI 27.99% with $325/mo cash flow from $1,146/mo rent. Total monthly income equals $1,146/mo, and annual cash flow records $3,898/yr on $48,233 to close. Return on cash invested measures 27.99% and rental yield reads 9.45% at the current $145,500. Equity gained on principal adds $939/yr, and 5% annual appreciation supports $40,199 by year five. Five-year ROI prints 145.49% and total cumulative return in cash totals $70,173.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,146/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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Listed by: Daniele Knight • MarMac Real Estate - The Shoals
Mls Name: Strategic MLS Alliance
Mls ID: #525090
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.