383 Anderson St WScottsboroAL35769
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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
Rental property for sale in Scottsboro at 383 Anderson St W, Scottsboro, AL, 35769 offers $1,606/mo rent that, after a $1,052/mo payment, leaves $393/mo cash flow. Total monthly income is $1,606/mo, and annual cash flow is $4,713/yr on $71,273 cash. Return on cash invested measures 26.52% in year one, and rental yield stands at 8.96% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 137.59% and total cumulative return in cash reaches $98,065. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,606/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35769, Scottsboro, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,570 (100%) |
| Owner Occupied HU | 3,506 (62.9%) |
| Renter Occupied HU | 1,334 (23.9%) |
| Vacant Housing Units | 730 (13.1%) |
| Median Home Value | $217,774 |
| Average Home Value | $315,491 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
4,456
Multi-Family
878
Businesses
222
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Listed by: Vincent Lovvorn • Redstone Realty Solutions-HSV
Mls Name: ValleyMLS
Mls ID: #21898490