658 Providence LoopOakmanAL35579
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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 Oakman at 658 Providence Loop, Oakman, AL, 35579 uses $44,753 cash to close to unlock $2,061/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $934/mo, and a $661/mo payment keeps the spread at $172/mo. Purchase price stands at $135,000, and rental yield measures 8.3% with $934/mo rent. Return on cash invested shows 24.51% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 126.89% and total cumulative return in cash records $56,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $934/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1970
3.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35579, Oakman, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,380 (100%) |
| Owner Occupied HU | 973 (70.5%) |
| Renter Occupied HU | 226 (16.4%) |
| Vacant Housing Units | 181 (13.1%) |
| Median Home Value | $124,693 |
| Average Home Value | $169,694 |
Housing Distribution
Address Breakdown
Residential
1,282
Single Family
1,239
Multi-Family
43
Businesses
53
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Listed by: Kellie Watts • Keller Williams-Jasper
Mls Name: GALMLS
Mls Provider:
Mls ID: #21400044
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.