322 E 3rd StLuverneAL36049
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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
Investment property for sale in Luverne at 322 E 3rd St, Luverne, AL, 36049 at $124,900 posts ROI 27.02% with $245/mo cash flow from $950/mo rent. Total monthly income equals $950/mo, and annual cash flow records $2,944/yr on $41,404 to close. Return on cash invested measures 27.02% and rental yield reads 9.13% at the current $124,900. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 by year five. Five-year ROI prints 140.33% and total cumulative return in cash totals $58,102.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $950/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36049, Luverne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 1,518 (59.9%) |
| Renter Occupied HU | 715 (28.2%) |
| Vacant Housing Units | 303 (11.9%) |
| Median Home Value | $165,929 |
| Average Home Value | $187,622 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,320
Multi-Family
110
Businesses
308
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