700 N Nashville AveSheffieldAL35660
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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
Rental property for sale in Sheffield at 700 N Nashville Ave, Sheffield, AL, 35660 priced at $194,000 converts $1,500/mo rent into $405/mo cash flow after a $950/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $4,854/yr on $64,311 invested. Return on cash invested prints 27.46% in year one, and rental yield reads 9.28% against a $194,000 entry. Equity gained on principal adds $1,252/yr, while 5% annual appreciation compiles into $53,599 by year five. Five-year ROI reaches 142.63% and total cumulative return in cash sums $91,724. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $950/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35660, Sheffield, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,175 (100%) |
| Owner Occupied HU | 2,449 (47.3%) |
| Renter Occupied HU | 2,041 (39.4%) |
| Vacant Housing Units | 685 (13.2%) |
| Median Home Value | $137,199 |
| Average Home Value | $170,423 |
Housing Distribution
Address Breakdown
Residential
4,528
Single Family
3,667
Multi-Family
861
Businesses
499
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Listed by: Cynthia Moss • EXIT River City Realty
Mls Name: Strategic MLS Alliance
Mls ID: #520500
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.