3108 10th AveSheffieldAL35660
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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 Sheffield at 3108 10th Ave, Sheffield, AL, 35660 uses $46,410 cash to close to unlock $4,099/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $1,164/mo, and a $685/mo payment keeps the spread at $342/mo. Purchase price stands at $140,000, and rental yield measures 9.98% with $1,164/mo rent. Return on cash invested shows 28.74% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 149.86% and total cumulative return in cash records $69,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,164/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35660, Sheffield, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,175 (100%) |
| Owner Occupied HU | 2,449 (47.3%) |
| Renter Occupied HU | 2,041 (39.4%) |
| Vacant Housing Units | 685 (13.2%) |
| Median Home Value | $137,199 |
| Average Home Value | $170,423 |
Housing Distribution
Address Breakdown
Residential
4,528
Single Family
3,667
Multi-Family
861
Businesses
499
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Listed by: Katie L Cobb • MarMac Real Estate - The Shoals
Mls Name: Strategic MLS Alliance
Mls ID: #519018
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.