505 60th StFairfieldAL35064
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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 Fairfield at 505 60th St, Fairfield, AL, 35064 uses $44,421 cash to close to unlock $5,852/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $1,273/mo, and a $656/mo payment keeps the spread at $488/mo. Purchase price stands at $134,000, and rental yield measures 11.4% with $1,273/mo rent. Return on cash invested shows 33.08% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 173.1% and total cumulative return in cash records $76,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,273/mo property income covering a $656/mo payment rather than investor’s personal income.
Single Family
Built in 1925
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35064, Fairfield, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 2,188 (46.6%) |
| Renter Occupied HU | 1,634 (34.8%) |
| Vacant Housing Units | 869 (18.5%) |
| Median Home Value | $156,623 |
| Average Home Value | $247,569 |
Housing Distribution
Address Breakdown
Residential
3,865
Single Family
3,701
Multi-Family
164
Businesses
320
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Listed by: Derion Schofield • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417551
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.