3618 Horsebend LnNorthportAL35473
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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 Northport at 3618 Horsebend Ln, Northport, AL, 35473 uses $115,992 cash to close to unlock $3,451/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $2,263/mo, and a $1,713/mo payment keeps the spread at $288/mo. Purchase price stands at $349,900, and rental yield measures 7.76% with $2,263/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 118.09% and total cumulative return in cash records $136,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,263/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2007
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35473, Northport, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,684 (100%) |
| Owner Occupied HU | 5,717 (65.8%) |
| Renter Occupied HU | 2,419 (27.9%) |
| Vacant Housing Units | 548 ( 6.3%) |
| Median Home Value | $277,844 |
| Average Home Value | $372,403 |
Housing Distribution
Address Breakdown
Residential
7,688
Single Family
6,852
Multi-Family
836
Businesses
315
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