690 Rainbow HvnRainbow CityAL35906
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rainbow City at 690 Rainbow Hvn, Rainbow City, AL, 35906 priced at $189,900 converts $1,319/mo rent into $248/mo cash flow after a $929/mo obligation. Total monthly income equals $1,319/mo, and annual cash flow totals $2,971/yr on $62,952 invested. Return on cash invested prints 24.63% in year one, and rental yield reads 8.33% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 127.46% and total cumulative return in cash sums $80,237. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,319/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35906, Rainbow City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,832 (100%) |
| Owner Occupied HU | 2,856 (59.1%) |
| Renter Occupied HU | 1,556 (32.2%) |
| Vacant Housing Units | 420 ( 8.7%) |
| Median Home Value | $280,000 |
| Average Home Value | $325,519 |
Housing Distribution
Address Breakdown
Residential
4,829
Single Family
4,098
Multi-Family
731
Businesses
487
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Listed by: Gina Battles • ERA King Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21892222
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