6315 County Road 6631BanksAL36005
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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 Banks at 6315 County Road 6631, Banks, AL, 36005 generates $0/mo in rent, after a $514/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -0.53% in year one, and rental yield is 0% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36005, Banks, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 630 (68.3%) |
| Renter Occupied HU | 134 (14.5%) |
| Vacant Housing Units | 159 (17.2%) |
| Median Home Value | $191,667 |
| Average Home Value | $224,933 |
Housing Distribution
Address Breakdown
Residential
942
Single Family
942
Multi-Family
0
Businesses
60
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No similar rental properties found nearby.
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Listed by: NANCY CAFIERO • CENTURY 21 REGENCY REALTY
Mls Name: Wiregrass BOR
Mls ID: #553613
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.