716 3rd St NWRed BayAL35582
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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 Red Bay at 716 3rd St NW, Red Bay, AL, 35582 priced at $110,000 converts $875/mo rent into $255/mo cash flow after a $538/mo obligation. Total monthly income equals $875/mo, and annual cash flow totals $3,054/yr on $36,465 invested. Return on cash invested prints 28.28% in year one, and rental yield reads 9.55% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 147.1% and total cumulative return in cash sums $53,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $875/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35582, Red Bay, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 1,160 (55.9%) |
| Renter Occupied HU | 622 (30.0%) |
| Vacant Housing Units | 294 (14.2%) |
| Median Home Value | $121,719 |
| Average Home Value | $159,573 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,608
Multi-Family
119
Businesses
191
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Listed by: Ellis Wooten • BrickDriven Realty Florence
Mls Name: Strategic MLS Alliance
Mls ID: #522025
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.