306 Larkin StScottsboroAL35768
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 Scottsboro at 306 Larkin St, Scottsboro, AL, 35768 priced at $195,000 pairs $1,318/mo rent with $218/mo cash flow after a $954/mo payment. Total monthly income equals $1,318/mo, and annual cash flow comes to $2,613/yr on $64,643 invested. Return on cash invested is 23.95% in year one, and rental yield stands at 8.11% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 123.8% and total cumulative return in cash reaches $80,026. For financing, Ziffy Mortgage’s DSCR program evaluates $1,318/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35768, Scottsboro, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,233 (62.3%) |
| Renter Occupied HU | 1,430 (27.6%) |
| Vacant Housing Units | 527 (10.2%) |
| Median Home Value | $142,672 |
| Average Home Value | $189,654 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,876
Multi-Family
132
Businesses
797
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Listed by: Molly Border • Southland Realty & Auction LLC
Mls Name: ValleyMLS
Mls ID: #21898856