603 Hickory AveMuscle ShoalsAL35661
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Muscle Shoals at 603 Hickory Ave, Muscle Shoals, AL, 35661 at $350,000 posts ROI 23.51% with $349/mo cash flow from $2,324/mo rent. Total monthly income equals $2,324/mo, and annual cash flow records $4,182/yr on $116,025 to close. Return on cash invested measures 23.51% and rental yield reads 7.97% at the current $350,000. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 by year five. Five-year ROI prints 121.48% and total cumulative return in cash totals $140,942.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,324/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35661, Muscle Shoals, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,939 (100%) |
| Owner Occupied HU | 5,873 (65.7%) |
| Renter Occupied HU | 2,358 (26.4%) |
| Vacant Housing Units | 708 ( 7.9%) |
| Median Home Value | $204,446 |
| Average Home Value | $252,543 |
Housing Distribution
Address Breakdown
Residential
8,611
Single Family
8,185
Multi-Family
426
Businesses
817
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Listed by: Stacy Hughes • 5:41 Realty
Mls Name: Strategic MLS Alliance
Mls ID: #526609