370 Formby RdHortonAL35980
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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 Horton at 370 Formby Rd, Horton, AL, 35980 at $269,900 posts ROI 22.17% with $169/mo cash flow from $1,692/mo rent. Total monthly income equals $1,692/mo, and annual cash flow records $2,023/yr on $89,472 to close. Return on cash invested measures 22.17% and rental yield reads 7.52% at the current $269,900. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 by year five. Five-year ROI prints 114.28% and total cumulative return in cash totals $102,246.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,692/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2022
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35980, Horton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,016 (100%) |
| Owner Occupied HU | 1,495 (74.2%) |
| Renter Occupied HU | 381 (18.9%) |
| Vacant Housing Units | 140 ( 6.9%) |
| Median Home Value | $193,899 |
| Average Home Value | $225,803 |
Housing Distribution
Address Breakdown
Residential
2,063
Single Family
2,063
Multi-Family
0
Businesses
39
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