470 County Road 1240VinemontAL35179
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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 Vinemont at 470 County Road 1240, Vinemont, AL, 35179 offers a 9.65% rental yield on a $290,000 purchase with $2,332/mo rent. Total monthly income registers $2,332/mo, and a $1,419/mo payment leaves $696/mo available for distribution. Annual cash flow reaches $8,346/yr on $96,135 to close, and return on cash invested stands at 28.59% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 148.71% and total cumulative return in cash at $142,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,332/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35179, Vinemont, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,138 (100%) |
| Owner Occupied HU | 3,133 (75.7%) |
| Renter Occupied HU | 745 (18.0%) |
| Vacant Housing Units | 260 ( 6.3%) |
| Median Home Value | $234,165 |
| Average Home Value | $305,290 |
Housing Distribution
Address Breakdown
Residential
4,121
Single Family
4,121
Multi-Family
0
Businesses
165
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Listed by: Christine Futvoye • Lake Homes Realty of Smith Lake
Mls Name: Strategic MLS Alliance
Mls ID: #523338
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.