308 4th AveAtmoreAL36502
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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 Atmore at 308 4th Ave, Atmore, AL, 36502 priced at $138,000 converts $1,230/mo rent into $452/mo cash flow after a $675/mo obligation. Total monthly income equals $1,230/mo, and annual cash flow totals $5,418/yr on $45,747 invested. Return on cash invested prints 31.75% in year one, and rental yield reads 10.7% against a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation compiles into $38,127 by year five. Five-year ROI reaches 165.69% and total cumulative return in cash sums $75,798. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,230/mo property income covering a $675/mo payment, not borrower’s personal income.
Single Family
Built in 1953
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36502, Atmore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,598 (100%) |
| Owner Occupied HU | 4,436 (58.4%) |
| Renter Occupied HU | 2,196 (28.9%) |
| Vacant Housing Units | 966 (12.7%) |
| Median Home Value | $150,761 |
| Average Home Value | $170,867 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,691
Multi-Family
255
Businesses
559
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Listed by: Tawny Carter • Keller Williams AGC Realty-Da
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #383154
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.