40 Bishop RdSmiths StationAL36877
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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 Smiths Station at 40 Bishop Rd, Smiths Station, AL, 36877 uses $119,307 cash to close to unlock $9,457/yr annual cash flow and $788/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $1,762/mo payment keeps the spread at $788/mo. Purchase price stands at $359,900, and rental yield measures 9.4% with $2,820/mo rent. Return on cash invested shows 27.84% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 144.68% and total cumulative return in cash records $172,610. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1989
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36877, Smiths, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,603 (100%) |
| Owner Occupied HU | 3,741 (66.8%) |
| Renter Occupied HU | 1,540 (27.5%) |
| Vacant Housing Units | 322 ( 5.7%) |
| Median Home Value | $289,532 |
| Average Home Value | $326,925 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
5,052
Multi-Family
282
Businesses
243
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Listed by: Shawn Andes • eXp Realty LLC
Mls Name: CBORGA
Mls ID: #225284