350 W 3rd StLuverneAL36049
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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 Luverne at 350 W 3rd St, Luverne, AL, 36049 uses $43,062 cash to close to unlock $3,439/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $1,020/mo, and a $636/mo payment keeps the spread at $287/mo. Purchase price stands at $129,900, and rental yield measures 9.42% with $1,020/mo rent. Return on cash invested shows 27.89% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 145.01% and total cumulative return in cash records $62,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36049, Luverne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 1,518 (59.9%) |
| Renter Occupied HU | 715 (28.2%) |
| Vacant Housing Units | 303 (11.9%) |
| Median Home Value | $165,929 |
| Average Home Value | $187,622 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,320
Multi-Family
110
Businesses
308
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