308 Meredith DrMuscle ShoalsAL35661
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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 Muscle Shoals at 308 Meredith Dr, Muscle Shoals, AL, 35661 with 5% annual appreciation on a $249,800 basis while $2,022/mo rent supports operations. Total monthly income totals $2,022/mo and a $1,223/mo payment preserves $612/mo for cash returns. Annual cash flow comes to $7,340/yr on $82,809 deployed, and return on cash invested reaches 28.77% in year one. Equity gained on principal adds $1,612/yr, and five-year appreciation sums $69,015 alongside rental yield of 9.71%. Five-year ROI measures 149.67% and total cumulative return in cash totals $123,943.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,022/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
0.41 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: Suzanne Mothershed • Riverside Realty, Inc
Mls Name: Strategic MLS Alliance
Mls ID: #524170