406 Broadway StMuscle ShoalsAL35661
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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 Muscle Shoals at 406 Broadway St, Muscle Shoals, AL, 35661 priced at $314,900 converts $2,034/mo rent into $257/mo cash flow after a $1,541/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $3,082/yr on $104,389 invested. Return on cash invested prints 22.86% in year one, and rental yield reads 7.75% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 117.95% and total cumulative return in cash sums $123,130. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 2022
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35661, Muscle Shoals, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,939 (100%) |
| Owner Occupied HU | 5,873 (65.7%) |
| Renter Occupied HU | 2,358 (26.4%) |
| Vacant Housing Units | 708 ( 7.9%) |
| Median Home Value | $204,446 |
| Average Home Value | $252,543 |
Housing Distribution
Address Breakdown
Residential
8,611
Single Family
8,185
Multi-Family
426
Businesses
817
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Listed by: Beth Pirtle • RE/MAX Tri-State
Mls Name: Strategic MLS Alliance
Mls ID: #524401