517 S Scott StScottsboroAL35768
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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 Scottsboro at 517 S Scott St, Scottsboro, AL, 35768 priced at $695,000 converts $3,806/mo rent into after a $3,402/mo obligation. Total monthly income equals $3,806/mo. Return on cash invested prints 19.44% in year one, and rental yield reads 6.57% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 99.6% and total cumulative return in cash sums $227,730. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,806/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in N/A
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35768, Scottsboro, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,233 (62.3%) |
| Renter Occupied HU | 1,430 (27.6%) |
| Vacant Housing Units | 527 (10.2%) |
| Median Home Value | $142,672 |
| Average Home Value | $189,654 |
Housing Distribution
Address Breakdown
Residential
5,008
Single Family
4,876
Multi-Family
132
Businesses
797
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Listed by: Jeanette McWhorter • First Choice Real Estate
Mls Name: ValleyMLS
Mls ID: #21907981