506 Lavender RdGrove HillAL36451
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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 Grove Hill at 506 Lavender Rd, Grove Hill, AL, 36451 offers $1,408/mo rent that, after a $1,762/mo payment. Total monthly income is $1,408/mo. Return on cash invested measures 13.63% in year one, and rental yield stands at 4.69% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 68.46% and total cumulative return in cash reaches $81,705. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,408/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36451, Grove Hill, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,236 (100%) |
| Owner Occupied HU | 1,494 (66.8%) |
| Renter Occupied HU | 389 (17.4%) |
| Vacant Housing Units | 353 (15.8%) |
| Median Home Value | $160,606 |
| Average Home Value | $180,868 |
Housing Distribution
Address Breakdown
Residential
1,892
Single Family
1,892
Multi-Family
0
Businesses
226
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Listed by: Julia Brooks • Village Properties
Mls Name: NY State MLS
Mls ID: #11522529