376 Pencil WayBoazAL35956
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 Boaz at 376 Pencil Way, Boaz, AL, 35956 priced at $439,900 pairs $2,534/mo rent with $51/mo cash flow after a $2,153/mo payment. Total monthly income equals $2,534/mo, and annual cash flow comes to $613/yr on $145,827 invested. Return on cash invested is 20.33% in year one, and rental yield stands at 6.91% on a $439,900 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,536 by year five. Five-year ROI measures 104.4% and total cumulative return in cash reaches $152,247. For financing, Ziffy Mortgage’s DSCR program evaluates $2,534/mo property income against a $2,153/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
8.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35956, Boaz, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,764 (100%) |
| Owner Occupied HU | 2,839 (75.4%) |
| Renter Occupied HU | 663 (17.6%) |
| Vacant Housing Units | 262 ( 7.0%) |
| Median Home Value | $224,491 |
| Average Home Value | $258,281 |
Housing Distribution
Address Breakdown
Residential
3,694
Single Family
3,671
Multi-Family
23
Businesses
121
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