403 S Washington StColumbiaAL36319
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 Columbia at 403 S Washington St, Columbia, AL, 36319 offers $1,009/mo rent that, after a $627/mo payment, leaves $287/mo cash flow. Total monthly income is $1,009/mo, and annual cash flow is $3,444/yr on $42,432 cash. Return on cash invested measures 28.03% in year one, and rental yield stands at 9.46% at a $128,000 entry. Equity gained on principal adds $826/yr while 5% annual appreciation compounds into $35,364 by year five. Five-year ROI records 145.64% and total cumulative return in cash reaches $61,799. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,009/mo property income versus a $627/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36319, Columbia, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,341 (100%) |
| Owner Occupied HU | 896 (66.8%) |
| Renter Occupied HU | 230 (17.2%) |
| Vacant Housing Units | 215 (16.0%) |
| Median Home Value | $169,257 |
| Average Home Value | $187,695 |
Housing Distribution
Address Breakdown
Residential
967
Single Family
967
Multi-Family
0
Businesses
47
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