335 Hill StRainbow CityAL35906
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 Rainbow City at 335 Hill St, Rainbow City, AL, 35906 priced at $710,000 converts $5,036/mo rent into $1,029/mo cash flow after a $3,475/mo obligation. Total monthly income equals $5,036/mo, and annual cash flow totals $12,342/yr on $233,590 invested. Return on cash invested prints 25.34% in year one, and rental yield reads 8.51% against a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation compiles into $196,160 by year five. Five-year ROI reaches 131.24% and total cumulative return in cash sums $306,563. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,036/mo property income covering a $3,475/mo payment, not borrower’s personal income.
Single Family
Built in 2003
3.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35906, Rainbow City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,832 (100%) |
| Owner Occupied HU | 2,856 (59.1%) |
| Renter Occupied HU | 1,556 (32.2%) |
| Vacant Housing Units | 420 ( 8.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $325,519 |
Housing Distribution
Address Breakdown
Residential
4,829
Single Family
4,098
Multi-Family
731
Businesses
487
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Listed by: Betty Greer • Susie Weems Real Estate, LLC
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21868633
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