616 W Walnut StSylacaugaAL35150
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 Sylacauga at 616 W Walnut St, Sylacauga, AL, 35150 uses $34,808 cash to close to unlock $1,923/yr annual cash flow and $160/mo monthly cash flow. Total monthly income runs $794/mo, and a $514/mo payment keeps the spread at $160/mo. Purchase price stands at $105,000, and rental yield measures 9.07% with $794/mo rent. Return on cash invested shows 25.43% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 132.39% and total cumulative return in cash records $46,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $794/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1946
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35150, Sylacauga, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,821 (100%) |
| Owner Occupied HU | 4,731 (53.6%) |
| Renter Occupied HU | 3,046 (34.5%) |
| Vacant Housing Units | 1,044 (11.8%) |
| Median Home Value | $161,330 |
| Average Home Value | $187,470 |
Housing Distribution
Address Breakdown
Residential
7,852
Single Family
7,195
Multi-Family
657
Businesses
808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Blake Pharr • Area Real Estate, Inc.
Mls Name: GALMLS
Mls Provider:
Mls ID: #21411921
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.