508 Magnolia StLincolnAL35096
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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 Lincoln at 508 Magnolia St, Lincoln, AL, 35096 uses $67,924 cash to close to unlock $7,648/yr annual cash flow and $637/mo monthly cash flow. Total monthly income runs $1,794/mo, and a $1,003/mo payment keeps the spread at $637/mo. Purchase price stands at $204,900, and rental yield measures 10.51% with $1,794/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 162.57% and total cumulative return in cash records $110,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,794/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35096, Lincoln, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,362 (100%) |
| Owner Occupied HU | 2,979 (68.3%) |
| Renter Occupied HU | 695 (15.9%) |
| Vacant Housing Units | 688 (15.8%) |
| Median Home Value | $214,336 |
| Average Home Value | $316,954 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,801
Multi-Family
0
Businesses
262
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Listed by: Charles Hammonds • Keller Williams Realty Group
Mls Name: GALMLS
Mls Provider:
Mls ID: #21429506
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.