509 3rd StAndalusiaAL36420
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Nearby investment properties with comparable prices
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 Andalusia at 509 3rd St, Andalusia, AL, 36420 priced at $194,500 pairs $1,552/mo rent with $454/mo cash flow after a $952/mo payment. Total monthly income equals $1,552/mo, and annual cash flow comes to $5,450/yr on $64,477 invested. Return on cash invested is 28.36% in year one, and rental yield stands at 9.58% on a $194,500 basis. Equity gained on principal adds $1,255/yr, and 5% annual appreciation accumulates to $53,737 by year five. Five-year ROI measures 147.53% and total cumulative return in cash reaches $95,121. For financing, Ziffy Mortgage’s DSCR program evaluates $1,552/mo property income against a $952/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36420, Andalusia, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,481 (100%) |
| Owner Occupied HU | 3,159 (57.6%) |
| Renter Occupied HU | 1,431 (26.1%) |
| Vacant Housing Units | 891 (16.3%) |
| Median Home Value | $197,120 |
| Average Home Value | $227,225 |
Housing Distribution
Address Breakdown
Residential
4,749
Single Family
4,679
Multi-Family
70
Businesses
842
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Listed by: Keron F Kyzar • BASS AGENCY REAL ESTATE
Mls Name: Covington AOR
Mls Provider:
Mls ID: #25206
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.