620 Southern WaySpanish FortAL36527
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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 Spanish Fort at 620 Southern Way, Spanish Fort, AL, 36527 priced at $377,757 pairs $2,714/mo rent with $582/mo cash flow after a $1,849/mo payment. Total monthly income equals $2,714/mo, and annual cash flow comes to $6,980/yr on $125,226 invested. Return on cash invested is 25.48% in year one, and rental yield stands at 8.62% on a $377,757 basis. Equity gained on principal adds $2,438/yr, and 5% annual appreciation accumulates to $104,367 by year five. Five-year ROI measures 132.01% and total cumulative return in cash reaches $165,316. For financing, Ziffy Mortgage’s DSCR program evaluates $2,714/mo property income against a $1,849/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36527, Spanish Fort, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,139 (100%) |
| Owner Occupied HU | 5,682 (69.8%) |
| Renter Occupied HU | 1,768 (21.7%) |
| Vacant Housing Units | 689 ( 8.5%) |
| Median Home Value | $387,509 |
| Average Home Value | $441,848 |
Housing Distribution
Address Breakdown
Residential
7,791
Single Family
6,813
Multi-Family
978
Businesses
484
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Listed by: Jimmy Thies • LPT Realty
Mls Name: GCMLS
Mls Provider:
Mls ID: #7502665
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.