506 Martin Luther King Blvd NUnion SpringsAL36089
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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 Union Springs at 506 Martin Luther King Blvd N, Union Springs, AL, 36089 listed at $119,000 pairs $974/mo rent with a $582/mo payment to leave $303/mo cash flow. Total monthly income runs $974/mo, and annual cash flow reaches $3,633/yr on $39,449 cash to close. Return on cash invested measures 29.12% in year one, and rental yield registers 9.82% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 151.53% and total cumulative return in cash totals $59,777. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $974/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36089, Union Springs, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,333 (100%) |
| Owner Occupied HU | 1,836 (55.1%) |
| Renter Occupied HU | 1,050 (31.5%) |
| Vacant Housing Units | 447 (13.4%) |
| Median Home Value | $105,491 |
| Average Home Value | $160,588 |
Housing Distribution
Address Breakdown
Residential
2,856
Single Family
2,805
Multi-Family
51
Businesses
248
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Listed by: Sharon Green • Real Estate Associates Of AL
Mls Name: Pike County BOR
Mls ID: #28235