327 S Main StFlorenceAL35630
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 327 S Main St, Florence, AL, 35630 priced at $129,950 converts $989/mo rent into $256/mo cash flow after a $636/mo obligation. Total monthly income equals $989/mo, and annual cash flow totals $3,066/yr on $43,078 invested. Return on cash invested prints 27.03% in year one, and rental yield reads 9.13% against a $129,950 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,903 by year five. Five-year ROI reaches 140.37% and total cumulative return in cash sums $60,467. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $989/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.34 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ted Wylie • Coldwell Banker Pinnacle Properties
Mls Name: Strategic MLS Alliance
Mls ID: #521441
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.