606 Florida AveFlorenceAL35630
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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 Florence at 606 Florida Ave, Florence, AL, 35630 with 5% annual appreciation on a $174,900 basis while $1,478/mo rent supports operations. Total monthly income totals $1,478/mo and a $856/mo payment preserves $475/mo for cash returns. Annual cash flow comes to $5,704/yr on $57,979 deployed, and return on cash invested reaches 29.75% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,322 alongside rental yield of 10.14%. Five-year ROI measures 155.06% and total cumulative return in cash totals $89,904.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,478/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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Listed by: Lorraine Scott • EXIT Realty Shoals
Mls Name: Strategic MLS Alliance
Mls ID: #523130
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.