55 Mississippi DrAshvilleAL35953
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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 Ashville at 55 Mississippi Dr, Ashville, AL, 35953 uses $53,040 cash to close to unlock $24,804/yr annual cash flow and $2,067/mo monthly cash flow. Total monthly income runs $2,970/mo, and a $783/mo payment keeps the spread at $2,067/mo. Purchase price stands at $160,000, and rental yield measures 22.27% with $2,970/mo rent. Return on cash invested shows 66.67% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 352.9% and total cumulative return in cash records $187,178. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,970/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35953, Ashville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,630 (100%) |
| Owner Occupied HU | 2,691 (74.1%) |
| Renter Occupied HU | 533 (14.7%) |
| Vacant Housing Units | 406 (11.2%) |
| Median Home Value | $232,113 |
| Average Home Value | $257,219 |
Housing Distribution
Address Breakdown
Residential
2,989
Single Family
2,989
Multi-Family
0
Businesses
203
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Listed by: Sara McClendon • Bone Realty Company
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21843389
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