321 Hoffman StAthensAL35611
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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 Athens at 321 Hoffman St, Athens, AL, 35611 priced at $215,000 converts $1,260/mo rent into $47/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,260/mo, and annual cash flow totals $561/yr on $71,273 invested. Return on cash invested prints 20.7% in year one, and rental yield reads 7.03% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 106.36% and total cumulative return in cash sums $75,805. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,260/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35611, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,458 (100%) |
| Owner Occupied HU | 7,619 (56.6%) |
| Renter Occupied HU | 4,425 (32.9%) |
| Vacant Housing Units | 1,414 (10.5%) |
| Median Home Value | $269,539 |
| Average Home Value | $297,129 |
Housing Distribution
Address Breakdown
Residential
12,482
Single Family
11,320
Multi-Family
1,162
Businesses
991
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