347 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
Investment property for sale in Rainbow City at 347 Hill St, Rainbow City, AL, 35906 at $210,000 posts ROI 29.97% with $584/mo cash flow from $1,811/mo rent. Total monthly income equals $1,811/mo, and annual cash flow records $7,002/yr on $69,615 to close. Return on cash invested measures 29.97% and rental yield reads 10.35% at the current $210,000. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 by year five. Five-year ROI prints 156.35% and total cumulative return in cash totals $108,844.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,811/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2003
0.50 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: Bill Chance • Realty Plus, Inc.
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21867979
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