320 S Richards StFlorenceAL35630
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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
Rental property for sale in Florence at 320 S Richards St, Florence, AL, 35630 priced at $103,000 converts $801/mo rent into $220/mo cash flow after a $504/mo obligation. Total monthly income equals $801/mo, and annual cash flow totals $2,637/yr on $34,145 invested. Return on cash invested prints 27.63% in year one, and rental yield reads 9.33% against a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation compiles into $28,457 by year five. Five-year ROI reaches 143.56% and total cumulative return in cash sums $49,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $801/mo property income covering a $504/mo payment, not borrower’s personal income.
Single Family
Built in 1948
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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