370 N Franklin AveLuverneAL36049
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
Rental property for sale in Luverne at 370 N Franklin Ave, Luverne, AL, 36049 offers $1,109/mo rent that, after a $685/mo payment, leaves $319/mo cash flow. Total monthly income is $1,109/mo, and annual cash flow is $3,829/yr on $46,377 cash. Return on cash invested measures 28.17% in year one, and rental yield stands at 9.51% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 146.54% and total cumulative return in cash reaches $67,959. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,109/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1 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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