708 W 6th StSheffieldAL35660
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 Sheffield at 708 W 6th St, Sheffield, AL, 35660 generates $811/mo in rent and, after a $511/mo payment, leaves $222/mo in cash flow. Total monthly income is $811/mo, and annual cash flow is $2,660/yr on $34,642 invested. Return on cash invested sits at 27.59% in year one, and rental yield is 9.31% on a $104,500 entry. Equity gained on principal adds $674/yr, while 5% annual appreciation builds toward $28,871 over five years. Five-year ROI reaches 143.34% and total cumulative return in cash sums $49,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $811/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt Golley Team • South Main Realty
Mls Name: Strategic MLS Alliance
Mls ID: #521624
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.