600 County Road 531 #308CentreAL35960
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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 Centre at 600 County Road 531 #308, Centre, AL, 35960 generates $839/mo in rent, after a $489/mo payment. Total monthly income is $839/mo. Return on cash invested sits at 15.57% in year one, and rental yield is 10.07% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 83.99% and total cumulative return in cash sums $27,844. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $839/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35960, Centre, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,915 (100%) |
| Owner Occupied HU | 3,169 (53.6%) |
| Renter Occupied HU | 935 (15.8%) |
| Vacant Housing Units | 1,811 (30.6%) |
| Median Home Value | $248,768 |
| Average Home Value | $313,077 |
Housing Distribution
Address Breakdown
Residential
4,738
Single Family
4,590
Multi-Family
148
Businesses
496
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Listed by: Pamela King • Maximum One Alabama Realtors
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21887952
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