606 Patrick Henry StRed BayAL35582
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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 Red Bay at 606 Patrick Henry St, Red Bay, AL, 35582 priced at $237,000 converts $2,329/mo rent into $991/mo cash flow after a $1,160/mo obligation. Total monthly income equals $2,329/mo, and annual cash flow totals $11,895/yr on $78,566 invested. Return on cash invested prints 35.05% in year one, and rental yield reads 11.79% against a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation compiles into $65,479 by year five. Five-year ROI reaches 183.37% and total cumulative return in cash sums $144,068. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,329/mo property income covering a $1,160/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35582, Red Bay, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 1,160 (55.9%) |
| Renter Occupied HU | 622 (30.0%) |
| Vacant Housing Units | 294 (14.2%) |
| Median Home Value | $121,719 |
| Average Home Value | $159,573 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,608
Multi-Family
119
Businesses
191
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