692 Carter StBlountsvilleAL35031
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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 Blountsville at 692 Carter St, Blountsville, AL, 35031 offers a 16.35% rental yield on a $240,000 purchase with $3,270/mo rent. Total monthly income registers $3,270/mo, and a $1,175/mo payment leaves $1,914/mo available for distribution. Annual cash flow reaches $22,973/yr on $79,560 to close, and return on cash invested stands at 48.78% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 257% and total cumulative return in cash at $204,470. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,270/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35031, Blountsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,719 (100%) |
| Owner Occupied HU | 2,508 (67.4%) |
| Renter Occupied HU | 795 (21.4%) |
| Vacant Housing Units | 416 (11.2%) |
| Median Home Value | $174,319 |
| Average Home Value | $219,368 |
Housing Distribution
Address Breakdown
Residential
3,265
Single Family
3,265
Multi-Family
0
Businesses
139
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Listed by: Miranda Bullard • Hagemore Realty Group
Mls Name: GALMLS
Mls Provider:
Mls ID: #21399206
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.