509 Goodwin AveAnnistonAL36207
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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 Anniston at 509 Goodwin Ave, Anniston, AL, 36207 priced at $169,900 converts $1,510/mo rent into $540/mo cash flow after a $832/mo obligation. Total monthly income equals $1,510/mo, and annual cash flow totals $6,485/yr on $56,322 invested. Return on cash invested prints 31.42% in year one, and rental yield reads 10.67% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 164.02% and total cumulative return in cash sums $92,378. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,510/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36207, Anniston, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,589 (100%) |
| Owner Occupied HU | 5,959 (62.1%) |
| Renter Occupied HU | 2,548 (26.6%) |
| Vacant Housing Units | 1,082 (11.3%) |
| Median Home Value | $231,265 |
| Average Home Value | $272,426 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,719
Multi-Family
169
Businesses
498
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Listed by: Amy Angel • Keller Williams
Mls Name: GALMLS
Mls Provider:
Mls ID: #21400150
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.