704 Grove StMuscle ShoalsAL35661
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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 Muscle Shoals at 704 Grove St, Muscle Shoals, AL, 35661 uses $33,813 cash to close to unlock $15,222/yr annual cash flow and $1,269/mo monthly cash flow. Total monthly income runs $1,844/mo, and a $499/mo payment keeps the spread at $1,269/mo. Purchase price stands at $102,000, and rental yield measures 21.69% with $1,844/mo rent. Return on cash invested shows 64.93% in year one, and 5% annual appreciation builds toward $28,181 over five years. Five-year ROI reaches 343.6% and total cumulative return in cash records $116,180. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,844/mo property income covering a $499/mo payment rather than investor’s personal income.
Single Family
Built in 1964
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35661, Muscle Shoals, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,939 (100%) |
| Owner Occupied HU | 5,873 (65.7%) |
| Renter Occupied HU | 2,358 (26.4%) |
| Vacant Housing Units | 708 ( 7.9%) |
| Median Home Value | $204,446 |
| Average Home Value | $252,543 |
Housing Distribution
Address Breakdown
Residential
8,611
Single Family
8,185
Multi-Family
426
Businesses
817
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