622 Woodland Ave WWedoweeAL36278
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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 Wedowee at 622 Woodland Ave W, Wedowee, AL, 36278 offers $1,079/mo rent that, after a $671/mo payment, leaves $305/mo cash flow. Total monthly income is $1,079/mo, and annual cash flow is $3,663/yr on $45,416 cash. Return on cash invested measures 27.97% in year one, and rental yield stands at 9.45% at a $137,000 entry. Equity gained on principal adds $884/yr while 5% annual appreciation compounds into $37,851 by year five. Five-year ROI records 145.47% and total cumulative return in cash reaches $66,064. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,079/mo property income versus a $671/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36278, Wedowee, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,468 (100%) |
| Owner Occupied HU | 1,567 (45.2%) |
| Renter Occupied HU | 366 (10.6%) |
| Vacant Housing Units | 1,535 (44.3%) |
| Median Home Value | $322,637 |
| Average Home Value | $380,940 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,693
Multi-Family
0
Businesses
238
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