601 Virginia AveOppAL36467
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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 Opp at 601 Virginia Ave, Opp, AL, 36467 priced at $115,000 converts $917/mo rent into $263/mo cash flow after a $563/mo obligation. Total monthly income equals $917/mo, and annual cash flow totals $3,157/yr on $38,123 invested. Return on cash invested prints 28.19% in year one, and rental yield reads 9.57% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 146.71% and total cumulative return in cash sums $55,929. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $917/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1947
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36467, Opp, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,719 (100%) |
| Owner Occupied HU | 2,886 (61.2%) |
| Renter Occupied HU | 1,184 (25.1%) |
| Vacant Housing Units | 649 (13.8%) |
| Median Home Value | $146,583 |
| Average Home Value | $170,743 |
Housing Distribution
Address Breakdown
Residential
4,301
Single Family
4,183
Multi-Family
118
Businesses
375
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Listed by: Mary Katie Fuller • Southern Point Properties
Mls Name: Covington AOR
Mls Provider:
Mls ID: #25057
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.