62 Cannon AveBerryAL35546
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
Rental property for sale in Berry at 62 Cannon Ave, Berry, AL, 35546 offers $1,067/mo rent that, after a $710/mo payment, leaves $248/mo cash flow. Total monthly income is $1,067/mo, and annual cash flow is $2,979/yr on $48,068 cash. Return on cash invested measures 26.11% in year one, and rental yield stands at 8.83% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 135.43% and total cumulative return in cash reaches $65,096. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,067/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35546, Berry, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,918 (100%) |
| Owner Occupied HU | 1,334 (69.6%) |
| Renter Occupied HU | 364 (19.0%) |
| Vacant Housing Units | 220 (11.5%) |
| Median Home Value | $208,278 |
| Average Home Value | $297,918 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
64
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Listed by: Connor Woods • Keller Williams Tuscaloosa
Mls Name: WAMLS
Mls Provider:
Mls ID: #170241
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.