312 S River StCentreAL35960
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 Centre at 312 S River St, Centre, AL, 35960 offers $1,096/mo rent that, after a $729/mo payment, leaves $255/mo cash flow. Total monthly income is $1,096/mo, and annual cash flow is $3,063/yr on $49,394 cash. Return on cash invested measures 26.11% in year one, and rental yield stands at 8.83% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 135.45% and total cumulative return in cash reaches $66,904. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,096/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35960, Centre, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,915 (100%) |
| Owner Occupied HU | 3,169 (53.6%) |
| Renter Occupied HU | 935 (15.8%) |
| Vacant Housing Units | 1,811 (30.6%) |
| Median Home Value | $248,768 |
| Average Home Value | $313,077 |
Housing Distribution
Address Breakdown
Residential
4,738
Single Family
4,590
Multi-Family
148
Businesses
496
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Nearby investment properties with comparable prices
Listed by: Lauren McGowan • Weiss Lake Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21883343
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