308 Cherokee Glen AveToneyAL35773
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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 Toney at 308 Cherokee Glen Ave, Toney, AL, 35773 uses $91,792 cash to close to unlock $5,842/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $2,062/mo, and a $1,355/mo payment keeps the spread at $487/mo. Purchase price stands at $276,900, and rental yield measures 8.94% with $2,062/mo rent. Return on cash invested shows 26.27% in year one, and 5% annual appreciation builds toward $76,502 over five years. Five-year ROI reaches 136.31% and total cumulative return in cash records $125,119. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,062/mo property income covering a $1,355/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,750 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35773, Toney, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,984 (100%) |
| Owner Occupied HU | 4,797 (80.2%) |
| Renter Occupied HU | 842 (14.1%) |
| Vacant Housing Units | 345 ( 5.8%) |
| Median Home Value | $288,999 |
| Average Home Value | $321,629 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
5,954
Multi-Family
0
Businesses
171
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Listed by: Brett Ford • Davidson Homes LLC 4
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21888658
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