662 Preston Island CirScottsboroAL35769
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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 Scottsboro at 662 Preston Island Cir, Scottsboro, AL, 35769 offers a 3.99% rental yield on a $1,699,000 purchase with $5,653/mo rent. 79% in year one. Equity gained on principal adds $10,963/yr while 5% annual appreciation supports $469,402 over five years. Portfolio math shows five-year ROI at 58.46% and total cumulative return in cash at $321,797. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,653/mo property income against a $8,316/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35769, Scottsboro, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,570 (100%) |
| Owner Occupied HU | 3,506 (62.9%) |
| Renter Occupied HU | 1,334 (23.9%) |
| Vacant Housing Units | 730 (13.1%) |
| Median Home Value | $217,774 |
| Average Home Value | $315,491 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
4,456
Multi-Family
878
Businesses
222
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Nearby investment properties with comparable prices
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