3781 Highway 59Spruce PineAL35585
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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 Spruce Pine at 3781 Highway 59, Spruce Pine, AL, 35585 offers a 0% rental yield on a $385,000 purchase with $0/mo rent. 52% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
9.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35585, Spruce Pine, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 678 (100%) |
| Owner Occupied HU | 449 (66.2%) |
| Renter Occupied HU | 151 (22.3%) |
| Vacant Housing Units | 78 (11.5%) |
| Median Home Value | $183,984 |
| Average Home Value | $223,062 |
Housing Distribution
Address Breakdown
Residential
664
Single Family
664
Multi-Family
0
Businesses
28
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No similar rental properties found nearby.
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Listed by: Huston T Woodis • MarMac Real Estate - The Shoals
Mls Name: Strategic MLS Alliance
Mls ID: #526133