600 County Road 531 #311CentreAL35960
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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 Centre at 600 County Road 531 #311, Centre, AL, 35960 uses $38,123 cash to close to unlock $5,157/yr annual cash flow and $430/mo monthly cash flow. Total monthly income runs $1,079/mo, and a $563/mo payment keeps the spread at $430/mo. Purchase price stands at $115,000, and rental yield measures 11.26% with $1,079/mo rent. Return on cash invested shows 33.44% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 174.69% and total cumulative return in cash records $66,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,079/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No 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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