6609 County Road 24VerbenaAL36091
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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 Verbena at 6609 County Road 24, Verbena, AL, 36091 offers a 10.22% rental yield on a $229,900 purchase with $1,958/mo rent. Total monthly income registers $1,958/mo, and a $1,125/mo payment leaves $661/mo available for distribution. Annual cash flow reaches $7,927/yr on $76,212 to close, and return on cash invested stands at 30.31% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 157.93% and total cumulative return in cash at $120,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,958/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
2.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36091, Verbena, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,733 (100%) |
| Owner Occupied HU | 1,190 (68.7%) |
| Renter Occupied HU | 349 (20.1%) |
| Vacant Housing Units | 194 (11.2%) |
| Median Home Value | $122,826 |
| Average Home Value | $207,876 |
Housing Distribution
Address Breakdown
Residential
1,691
Single Family
1,691
Multi-Family
0
Businesses
53
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