308 Lonnie DrMuscle ShoalsAL35661
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 Muscle Shoals at 308 Lonnie Dr, Muscle Shoals, AL, 35661 offers $2,034/mo rent that, after a $2,863/mo payment. Total monthly income is $2,034/mo. Return on cash invested measures 12.16% in year one, and rental yield stands at 4.17% at a $584,900 entry. Equity gained on principal adds $3,774/yr while 5% annual appreciation compounds into $161,597 by year five. Five-year ROI records 60.52% and total cumulative return in cash reaches $116,459. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,034/mo property income versus a $2,863/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35661, Muscle Shoals, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,939 (100%) |
| Owner Occupied HU | 5,873 (65.7%) |
| Renter Occupied HU | 2,358 (26.4%) |
| Vacant Housing Units | 708 ( 7.9%) |
| Median Home Value | $204,446 |
| Average Home Value | $252,543 |
Housing Distribution
Address Breakdown
Residential
8,611
Single Family
8,185
Multi-Family
426
Businesses
817
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Listed by: Lori Kelley • MarMac Real Estate - The Shoals
Mls Name: Strategic MLS Alliance
Mls ID: #523077