623 W Point StRoanokeAL36274
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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 Roanoke at 623 W Point St, Roanoke, AL, 36274 uses $41,404 cash to close to unlock $3,400/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $988/mo, and a $611/mo payment keeps the spread at $283/mo. Purchase price stands at $124,900, and rental yield measures 9.49% with $988/mo rent. Return on cash invested shows 28.12% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 146.24% and total cumulative return in cash records $60,550. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $988/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1988
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36274, Roanoke, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,275 (100%) |
| Owner Occupied HU | 2,933 (55.6%) |
| Renter Occupied HU | 1,242 (23.5%) |
| Vacant Housing Units | 1,100 (20.9%) |
| Median Home Value | $163,894 |
| Average Home Value | $199,469 |
Housing Distribution
Address Breakdown
Residential
4,567
Single Family
4,518
Multi-Family
49
Businesses
443
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Listed by: Betsi Strain Strain • Southern Roots Realty Group LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416854
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.