588 W Lawrence Harris HwySlocombAL36375
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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 Slocomb at 588 W Lawrence Harris Hwy, Slocomb, AL, 36375 generates $2,453/mo in rent, after a $2,565/mo payment. Total monthly income is $2,453/mo. Return on cash invested sits at 16.55% in year one, and rental yield is 5.62% on a $524,000 entry. Equity gained on principal adds $3,381/yr, while 5% annual appreciation builds toward $144,772 over five years. Five-year ROI reaches 84.05% and total cumulative return in cash sums $144,895. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,453/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
6.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36375, Slocomb, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,600 (100%) |
| Owner Occupied HU | 2,392 (66.4%) |
| Renter Occupied HU | 719 (20.0%) |
| Vacant Housing Units | 489 (13.6%) |
| Median Home Value | $145,968 |
| Average Home Value | $176,801 |
Housing Distribution
Address Breakdown
Residential
3,354
Single Family
3,327
Multi-Family
27
Businesses
172
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