403 E Charlotte AveScottsboroAL35768
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 Scottsboro at 403 E Charlotte Ave, Scottsboro, AL, 35768 priced at $265,900 converts $1,600/mo rent into $100/mo cash flow after a $1,301/mo obligation. Total monthly income equals $1,600/mo, and annual cash flow totals $1,195/yr on $88,146 invested. Return on cash invested prints 21.26% in year one, and rental yield reads 7.22% against a $265,900 entry. Equity gained on principal adds $1,716/yr, while 5% annual appreciation compiles into $73,463 by year five. Five-year ROI reaches 109.41% and total cumulative return in cash sums $96,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,600/mo property income covering a $1,301/mo payment, not borrower’s personal income.
Single Family
Built in 2001
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35768, Scottsboro, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,233 (62.3%) |
| Renter Occupied HU | 1,430 (27.6%) |
| Vacant Housing Units | 527 (10.2%) |
| Median Home Value | $142,672 |
| Average Home Value | $189,654 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,876
Multi-Family
132
Businesses
797
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Listed by: Myra Tonmoy • Waterfront Intl Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21882942
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