402 Paradise Isle UNIT 402RiversideAL35135
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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 Riverside at 402 Paradise Isle UNIT 402, Riverside, AL, 35135 offers a 6.27% rental yield on a $350,000 purchase with $1,830/mo rent. 4% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 94.07% and total cumulative return in cash at $109,142. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35135, Riverside, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 622 (62.9%) |
| Renter Occupied HU | 255 (25.8%) |
| Vacant Housing Units | 112 (11.3%) |
| Median Home Value | $281,553 |
| Average Home Value | $320,691 |
Housing Distribution
Address Breakdown
Residential
889
Single Family
889
Multi-Family
0
Businesses
37
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