62 Shoals Overlook DrFlorenceAL35634
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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 62 Shoals Overlook Dr, Florence, AL, 35634 at $258,000 posts ROI 31.55% with $830/mo cash flow from $2,286/mo rent. Total monthly income equals $2,286/mo, and annual cash flow records $9,954/yr on $85,527 to close. Return on cash invested measures 31.55% and rental yield reads 10.63% at the current $258,000. Equity gained on principal adds $1,665/yr, and 5% annual appreciation supports $71,281 by year five. Five-year ROI prints 164.57% and total cumulative return in cash totals $140,750.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,286/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35634, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,052 (100%) |
| Owner Occupied HU | 3,757 (74.4%) |
| Renter Occupied HU | 789 (15.6%) |
| Vacant Housing Units | 506 (10.0%) |
| Median Home Value | $294,579 |
| Average Home Value | $371,757 |
Housing Distribution
Address Breakdown
Residential
4,809
Single Family
4,706
Multi-Family
103
Businesses
203
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Listed by: Rick R Duncan • Coldwell Banker Pinnacle Properties
Mls Name: Strategic MLS Alliance
Mls ID: #517698
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.