31 W Front St NThomasvilleAL36784
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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 Thomasville at 31 W Front St N, Thomasville, AL, 36784 with 5% annual appreciation on a $310,000 basis while $2,093/mo rent supports operations. Total monthly income totals $2,093/mo and a $1,517/mo payment preserves $344/mo for cash returns. Annual cash flow comes to $4,122/yr on $102,765 deployed, and return on cash invested reaches 23.92% in year one. Equity gained on principal adds $2,000/yr, and five-year appreciation sums $85,647 alongside rental yield of 8.1%. Five-year ROI measures 123.66% and total cumulative return in cash totals $127,075.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,093/mo property income versus a $1,517/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Apartment
Built in 1959
5,175 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36784, Thomasville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,761 (100%) |
| Owner Occupied HU | 2,178 (57.9%) |
| Renter Occupied HU | 845 (22.5%) |
| Vacant Housing Units | 738 (19.6%) |
| Median Home Value | $193,151 |
| Average Home Value | $232,951 |
Housing Distribution
Address Breakdown
Residential
3,214
Single Family
3,162
Multi-Family
52
Businesses
364
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Listed by: Richard Gibson • POPES REAL ESTATE LLC
Mls Name: My State MLS
Mls ID: #11219049