366 Tingle RdDouble SpringsAL35553
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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
Rental property for sale in Double Springs at 366 Tingle Rd, Double Springs, AL, 35553 offers $2,400/mo rent that, after a $929/mo payment, leaves $1,329/mo cash flow. Total monthly income is $2,400/mo, and annual cash flow is $15,943/yr on $62,952 cash. Return on cash invested measures 45.23% in year one, and rental yield stands at 15.17% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 237.96% and total cumulative return in cash reaches $149,801. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35553, Double Springs, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,404 (100%) |
| Owner Occupied HU | 1,438 (59.8%) |
| Renter Occupied HU | 370 (15.4%) |
| Vacant Housing Units | 596 (24.8%) |
| Median Home Value | $92,361 |
| Average Home Value | $160,070 |
Housing Distribution
Address Breakdown
Residential
1,937
Single Family
1,937
Multi-Family
0
Businesses
162
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Listed by: Gennia F Wilhite • Weichert Realtors Cullman
Mls Name: Strategic MLS Alliance
Mls ID: #519064
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.