309 Christopher DrAthensAL35611
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 Athens at 309 Christopher Dr, Athens, AL, 35611 priced at $210,000 converts $1,607/mo rent into $422/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,607/mo, and annual cash flow totals $5,058/yr on $69,615 invested. Return on cash invested prints 27.17% in year one, and rental yield reads 9.18% against a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,019 by year five. Five-year ROI reaches 141.11% and total cumulative return in cash sums $98,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,607/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35611, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,458 (100%) |
| Owner Occupied HU | 7,619 (56.6%) |
| Renter Occupied HU | 4,425 (32.9%) |
| Vacant Housing Units | 1,414 (10.5%) |
| Median Home Value | $269,539 |
| Average Home Value | $297,129 |
Housing Distribution
Address Breakdown
Residential
12,482
Single Family
11,320
Multi-Family
1,162
Businesses
991
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Listed by: Osiris Jimenez • Chanda Davis Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21878505
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