308 West StOppAL36467
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
Investment property for sale in Opp at 308 West St, Opp, AL, 36467 uses $53,040 cash to close to unlock $5,487/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $1,398/mo, and a $783/mo payment keeps the spread at $457/mo. Purchase price stands at $159,999, and rental yield measures 10.49% with $1,398/mo rent. Return on cash invested shows 30.25% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 157.99% and total cumulative return in cash records $83,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,398/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36467, Opp, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,719 (100%) |
| Owner Occupied HU | 2,886 (61.2%) |
| Renter Occupied HU | 1,184 (25.1%) |
| Vacant Housing Units | 649 (13.8%) |
| Median Home Value | $146,583 |
| Average Home Value | $170,743 |
Housing Distribution
Address Breakdown
Residential
4,301
Single Family
4,183
Multi-Family
118
Businesses
375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Katie Fuller • Southern Point Properties
Mls Name: Covington AOR
Mls Provider:
Mls ID: #25209
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.