515 Joe Cook StCottonwoodAL36320
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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 Cottonwood at 515 Joe Cook St, Cottonwood, AL, 36320 uses $58,013 cash to close to unlock $9,243/yr annual cash flow and $770/mo monthly cash flow. Total monthly income runs $1,783/mo, and a $857/mo payment keeps the spread at $770/mo. Purchase price stands at $175,000, and rental yield measures 12.23% with $1,783/mo rent. Return on cash invested shows 35.84% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 187.81% and total cumulative return in cash records $108,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,783/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36320, Cottonwood, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,867 (100%) |
| Owner Occupied HU | 1,302 (69.7%) |
| Renter Occupied HU | 367 (19.7%) |
| Vacant Housing Units | 198 (10.6%) |
| Median Home Value | $180,488 |
| Average Home Value | $213,005 |
Housing Distribution
Address Breakdown
Residential
1,495
Single Family
1,495
Multi-Family
0
Businesses
66
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