379 County Road 246GeraldineAL35974
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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 Geraldine at 379 County Road 246, Geraldine, AL, 35974 listed at $305,000 pairs $2,345/mo rent with a $1,493/mo payment to leave $623/mo cash flow. Total monthly income runs $2,345/mo, and annual cash flow reaches $7,479/yr on $101,108 cash to close. Return on cash invested measures 27.31% in year one, and rental yield registers 9.23% at a $305,000 basis. Equity gained on principal adds $1,968/yr, and annual property appreciation at 5% supports $84,266 by year five. Five-year ROI tracks 141.83% and total cumulative return in cash totals $143,398. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,345/mo property income relative to a $1,493/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35974, Geraldine, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 727 (100%) |
| Owner Occupied HU | 506 (69.6%) |
| Renter Occupied HU | 154 (21.2%) |
| Vacant Housing Units | 67 ( 9.2%) |
| Median Home Value | $210,938 |
| Average Home Value | $250,736 |
Housing Distribution
Address Breakdown
Residential
730
Single Family
730
Multi-Family
0
Businesses
87
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