400 N Franklin AveLuverneAL36049
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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 Luverne at 400 N Franklin Ave, Luverne, AL, 36049 priced at $149,000 converts $0/mo rent into after a $729/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -0.52% in year one, and rental yield reads 0% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $729/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36049, Luverne, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 1,518 (59.9%) |
| Renter Occupied HU | 715 (28.2%) |
| Vacant Housing Units | 303 (11.9%) |
| Median Home Value | $165,929 |
| Average Home Value | $187,622 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,320
Multi-Family
110
Businesses
308
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No similar rental properties found nearby.
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