494 Carter Grove Rd #D91C3RToneyAL35773
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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 Toney at 494 Carter Grove Rd #D91C3R, Toney, AL, 35773 offers a 9.81% rental yield on a $243,800 purchase with $1,993/mo rent. Total monthly income registers $1,993/mo, and a $1,193/mo payment leaves $617/mo available for distribution. Annual cash flow reaches $7,406/yr on $80,820 to close, and return on cash invested stands at 29.07% in year one. Equity gained on principal adds $1,573/yr while 5% annual appreciation supports $67,357 over five years. Portfolio math shows five-year ROI at 151.32% and total cumulative return in cash at $122,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,993/mo property income against a $1,193/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35773, Toney, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,984 (100%) |
| Owner Occupied HU | 4,797 (80.2%) |
| Renter Occupied HU | 842 (14.1%) |
| Vacant Housing Units | 345 ( 5.8%) |
| Median Home Value | $288,999 |
| Average Home Value | $321,629 |
Housing Distribution
Address Breakdown
Residential
5,954
Single Family
5,954
Multi-Family
0
Businesses
171
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