415 Banks AveEutawAL35462
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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
Investment property for sale in Eutaw at 415 Banks Ave, Eutaw, AL, 35462 with 5% annual appreciation on a $140,000 basis while $1,288/mo rent supports operations. Total monthly income totals $1,288/mo and a $685/mo payment preserves $498/mo for cash returns. Annual cash flow comes to $5,976/yr on $46,410 deployed, and return on cash invested reaches 32.79% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 11.04%. Five-year ROI measures 171.17% and total cumulative return in cash totals $79,438.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,288/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35462, Eutaw, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,484 (100%) |
| Owner Occupied HU | 1,237 (49.8%) |
| Renter Occupied HU | 792 (31.9%) |
| Vacant Housing Units | 455 (18.3%) |
| Median Home Value | $119,097 |
| Average Home Value | $145,022 |
Housing Distribution
Address Breakdown
Residential
2,260
Single Family
2,143
Multi-Family
117
Businesses
209
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Listed by: Raina Granger • Norluxe Realty Birmingham LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21399713
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.