340 S 40th DrLinevilleAL36266
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 Lineville at 340 S 40th Dr, Lineville, AL, 36266 generates $1,314/mo in rent, after a $2,325/mo payment. Total monthly income is $1,314/mo. Return on cash invested sits at 9.49% in year one, and rental yield is 3.32% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 46.26% and total cumulative return in cash sums $72,835. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,314/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36266, Lineville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,055 (100%) |
| Owner Occupied HU | 1,682 (55.1%) |
| Renter Occupied HU | 701 (22.9%) |
| Vacant Housing Units | 672 (22.0%) |
| Median Home Value | $246,815 |
| Average Home Value | $305,330 |
Housing Distribution
Address Breakdown
Residential
2,588
Single Family
2,496
Multi-Family
92
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices