608 Commercial St NEHancevilleAL35077
Nearby investment properties with comparable rents
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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 Hanceville at 608 Commercial St NE, Hanceville, AL, 35077 offers $1,288/mo rent that, after a $678/mo payment, leaves $503/mo cash flow. Total monthly income is $1,288/mo, and annual cash flow is $6,035/yr on $45,913 cash. Return on cash invested measures 33.05% in year one, and rental yield stands at 11.16% at a $138,500 entry. Equity gained on principal adds $894/yr while 5% annual appreciation compounds into $38,265 by year five. Five-year ROI records 172.65% and total cumulative return in cash reaches $79,267. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,288/mo property income versus a $678/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
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