597 3rd StFloralaAL36442
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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 Florala at 597 3rd St, Florala, AL, 36442 priced at $150,000 converts $1,745/mo rent into $899/mo cash flow after a $734/mo obligation. Total monthly income equals $1,745/mo, and annual cash flow totals $10,782/yr on $49,725 invested. Return on cash invested prints 41.59% in year one, and rental yield reads 13.96% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 218.44% and total cumulative return in cash sums $108,618. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,745/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1941
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36442, Florala, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,827 (100%) |
| Owner Occupied HU | 999 (54.7%) |
| Renter Occupied HU | 435 (23.8%) |
| Vacant Housing Units | 393 (21.5%) |
| Median Home Value | $162,284 |
| Average Home Value | $178,839 |
Housing Distribution
Address Breakdown
Residential
1,637
Single Family
1,561
Multi-Family
76
Businesses
150
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Listed by: Christa M. Merrifield-Mitchell • Merrifield & Pilcher Realty
Mls Name: Covington AOR
Mls Provider:
Mls ID: #24621
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.