403 E College StColumbianaAL35051
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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 Columbiana at 403 E College St, Columbiana, AL, 35051 priced at $315,000 converts $1,902/mo rent into $124/mo cash flow after a $1,542/mo obligation. Total monthly income equals $1,902/mo, and annual cash flow totals $1,485/yr on $104,423 invested. Return on cash invested prints 21.33% in year one, and rental yield reads 7.25% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 109.76% and total cumulative return in cash sums $114,617. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,902/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35051, Columbiana, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,476 (68.6%) |
| Renter Occupied HU | 830 (23.0%) |
| Vacant Housing Units | 301 ( 8.3%) |
| Median Home Value | $329,118 |
| Average Home Value | $357,637 |
Housing Distribution
Address Breakdown
Residential
3,426
Single Family
3,254
Multi-Family
172
Businesses
333
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Listed by: Mary Dunnaway • Down South Realty Inc
Mls Name: GALMLS
Mls ID: #21439193