404 E Promenade AveGenevaAL36340
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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 Geneva at 404 E Promenade Ave, Geneva, AL, 36340 generates $1,037/mo in rent and, after a $612/mo payment, leaves $331/mo in cash flow. Total monthly income is $1,037/mo, and annual cash flow is $3,975/yr on $41,438 invested. Return on cash invested sits at 29.5% in year one, and rental yield is 9.96% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 153.67% and total cumulative return in cash sums $63,677. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,037/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36340, Geneva, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,471 (100%) |
| Owner Occupied HU | 1,553 (62.8%) |
| Renter Occupied HU | 610 (24.7%) |
| Vacant Housing Units | 308 (12.5%) |
| Median Home Value | $127,227 |
| Average Home Value | $174,631 |
Housing Distribution
Address Breakdown
Residential
2,331
Single Family
2,331
Multi-Family
0
Businesses
343
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Listed by: Justine Snell • TEAM LINDA SIMMONS REAL ESTATE
Mls Name: WBOR
Mls ID: #552404
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.