646 Commerce AveDoraAL35062
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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 Dora at 646 Commerce Ave, Dora, AL, 35062 uses $34,642 cash to close to unlock $2,900/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $831/mo, and a $511/mo payment keeps the spread at $242/mo. Purchase price stands at $104,500, and rental yield measures 9.54% with $831/mo rent. Return on cash invested shows 28.28% in year one, and 5% annual appreciation builds toward $28,871 over five years. Five-year ROI reaches 147.05% and total cumulative return in cash records $50,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $831/mo property income covering a $511/mo payment rather than investor’s personal income.
Manufactured
Built in 2008
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35062, Dora, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,538 (100%) |
| Owner Occupied HU | 2,666 (75.4%) |
| Renter Occupied HU | 578 (16.3%) |
| Vacant Housing Units | 294 ( 8.3%) |
| Median Home Value | $222,170 |
| Average Home Value | $234,752 |
Housing Distribution
Address Breakdown
Residential
3,492
Single Family
3,396
Multi-Family
96
Businesses
135
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