32 Slate StAtmoreAL36502
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 Atmore at 32 Slate St, Atmore, AL, 36502 priced at $164,900 pairs $1,230/mo rent with $299/mo cash flow after a $807/mo payment. Total monthly income equals $1,230/mo, and annual cash flow comes to $3,592/yr on $54,664 invested. Return on cash invested is 26.48% in year one, and rental yield stands at 8.95% on a $164,900 basis. Equity gained on principal adds $1,064/yr, and 5% annual appreciation accumulates to $45,559 by year five. Five-year ROI measures 137.43% and total cumulative return in cash reaches $75,124. For financing, Ziffy Mortgage’s DSCR program evaluates $1,230/mo property income against a $807/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36502, Atmore, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,598 (100%) |
| Owner Occupied HU | 4,436 (58.4%) |
| Renter Occupied HU | 2,196 (28.9%) |
| Vacant Housing Units | 966 (12.7%) |
| Median Home Value | $150,761 |
| Average Home Value | $170,867 |
Housing Distribution
Address Breakdown
Residential
6,946
Single Family
6,691
Multi-Family
255
Businesses
559
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