318 Williams AveFlorenceAL35634
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 Florence at 318 Williams Ave, Florence, AL, 35634 priced at $235,000 converts $1,908/mo rent into $582/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,908/mo, and annual cash flow totals $6,981/yr on $77,903 invested. Return on cash invested prints 28.87% in year one, and rental yield reads 9.74% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 150.18% and total cumulative return in cash sums $116,992. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,908/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35634, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,052 (100%) |
| Owner Occupied HU | 3,757 (74.4%) |
| Renter Occupied HU | 789 (15.6%) |
| Vacant Housing Units | 506 (10.0%) |
| Median Home Value | $294,579 |
| Average Home Value | $371,757 |
Housing Distribution
Address Breakdown
Residential
4,809
Single Family
4,706
Multi-Family
103
Businesses
203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim E Matlock • RE/MAX Infinity
Mls Name: Strategic MLS Alliance
Mls ID: #518593
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.