308 Park AveMuscle 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 Park Ave, Muscle Shoals, AL, 35661 uses $79,527 cash to close to unlock $6,949/yr annual cash flow and $579/mo monthly cash flow. Total monthly income runs $1,933/mo, and a $1,174/mo payment keeps the spread at $579/mo. Purchase price stands at $239,900, and rental yield measures 9.67% with $1,933/mo rent. Return on cash invested shows 28.65% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 149.05% and total cumulative return in cash records $118,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,933/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.30 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: Dewayne Crumley • EXIT River City Realty
Mls Name: Strategic MLS Alliance
Mls ID: #519968
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.