402 Adams Ave WOneontaAL35121
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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 Oneonta at 402 Adams Ave W, Oneonta, AL, 35121 priced at $179,000 converts $1,472/mo rent into $462/mo cash flow after a $876/mo obligation. Total monthly income equals $1,472/mo, and annual cash flow totals $5,541/yr on $59,339 invested. Return on cash invested prints 29.25% in year one, and rental yield reads 9.87% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 152.22% and total cumulative return in cash sums $90,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,472/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1985
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35121, Oneonta, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,877 (100%) |
| Owner Occupied HU | 4,695 (68.3%) |
| Renter Occupied HU | 1,583 (23.0%) |
| Vacant Housing Units | 599 ( 8.7%) |
| Median Home Value | $202,796 |
| Average Home Value | $247,068 |
Housing Distribution
Address Breakdown
Residential
6,618
Single Family
6,435
Multi-Family
183
Businesses
713
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Listed by: Monica Moorer • HomeRiver Group, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21433497
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.