3368 State Highway 55FloralaAL36442
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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
Investment property for sale in Florala at 3368 State Highway 55, Florala, AL, 36442 listed at $129,900 pairs $931/mo rent with a $636/mo payment to leave $197/mo cash flow. Total monthly income runs $931/mo, and annual cash flow reaches $2,362/yr on $43,062 cash to close. Return on cash invested measures 25.39% in year one, and rental yield registers 8.6% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 131.55% and total cumulative return in cash totals $56,647. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $931/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2012
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36442, Florala, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,827 (100%) |
| Owner Occupied HU | 999 (54.7%) |
| Renter Occupied HU | 435 (23.8%) |
| Vacant Housing Units | 393 (21.5%) |
| Median Home Value | $162,284 |
| Average Home Value | $178,839 |
Housing Distribution
Address Breakdown
Residential
1,637
Single Family
1,561
Multi-Family
76
Businesses
150
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Listed by: Christa M. Merrifield-Mitchell • Merrifield & Pilcher Realty
Mls Name: Covington AOR
Mls Provider:
Mls ID: #25364
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.