307 Carter LnSelmaAL36703
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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 Selma at 307 Carter Ln, Selma, AL, 36703 priced at $117,900 converts $0/mo rent into after a $577/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -0.52% in year one, and rental yield reads 0% against a $117,900 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation compiles into $32,574 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $577/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36703, Selma, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,692 (100%) |
| Owner Occupied HU | 2,477 (43.5%) |
| Renter Occupied HU | 2,332 (41.0%) |
| Vacant Housing Units | 883 (15.5%) |
| Median Home Value | $85,769 |
| Average Home Value | $123,568 |
Housing Distribution
Address Breakdown
Residential
4,773
Single Family
4,319
Multi-Family
454
Businesses
356
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices