403 1st AveTroyAL36081
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Troy at 403 1st Ave, Troy, AL, 36081 priced at $259,000 converts $2,251/mo rent into $789/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,251/mo, and annual cash flow totals $9,465/yr on $85,859 invested. Return on cash invested prints 30.93% in year one, and rental yield reads 10.43% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 161.25% and total cumulative return in cash sums $138,448. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,251/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36081, Troy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,894 (100%) |
| Owner Occupied HU | 3,190 (40.4%) |
| Renter Occupied HU | 3,586 (45.4%) |
| Vacant Housing Units | 1,118 (14.2%) |
| Median Home Value | $193,649 |
| Average Home Value | $253,155 |
Housing Distribution
Address Breakdown
Residential
7,341
Single Family
6,618
Multi-Family
723
Businesses
844
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