5509 Riddles Bend RdRainbow CityAL35906
Nearby investment properties with comparable rents
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 Rainbow City at 5509 Riddles Bend Rd, Rainbow City, AL, 35906 offers $1,139/mo rent that, after a $1,713/mo payment. Total monthly income is $1,139/mo. Return on cash invested measures 11.26% in year one, and rental yield stands at 3.91% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 55.74% and total cumulative return in cash reaches $64,650. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,139/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35906, Rainbow City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,832 (100%) |
| Owner Occupied HU | 2,856 (59.1%) |
| Renter Occupied HU | 1,556 (32.2%) |
| Vacant Housing Units | 420 ( 8.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $325,519 |
Housing Distribution
Address Breakdown
Residential
4,829
Single Family
4,098
Multi-Family
731
Businesses
487
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Nearby investment properties with comparable prices
Listed by: Wesley Sutton • Corporate South Realty,Inc
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21876893
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