402 Whaley Ave NEHancevilleAL35077
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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 Hanceville at 402 Whaley Ave NE, Hanceville, AL, 35077 uses $75,914 cash to close to unlock $6,003/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $1,793/mo, and a $1,121/mo payment keeps the spread at $500/mo. Purchase price stands at $229,000, and rental yield measures 9.4% with $1,793/mo rent. Return on cash invested shows 27.82% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 144.6% and total cumulative return in cash records $109,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 2011
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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Listed by: Leslie Hollingsworth • HAPPY HOMES REAL ESTATE
Mls Name: Strategic MLS Alliance
Mls ID: #520012
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.