7274 Highway 239BanksAL36005
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 Banks at 7274 Highway 239, Banks, AL, 36005 generates $2,010/mo in rent and, after a $1,259/mo payment, leaves $558/mo in cash flow. Total monthly income is $2,010/mo, and annual cash flow is $6,697/yr on $85,262 invested. Return on cash invested sits at 27.76% in year one, and rental yield is 9.38% on a $257,200 entry. Equity gained on principal adds $1,660/yr, while 5% annual appreciation builds toward $71,060 over five years. Five-year ROI reaches 144.31% and total cumulative return in cash sums $123,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,010/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36005, Banks, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 630 (68.3%) |
| Renter Occupied HU | 134 (14.5%) |
| Vacant Housing Units | 159 (17.2%) |
| Median Home Value | $191,667 |
| Average Home Value | $224,933 |
Housing Distribution
Address Breakdown
Residential
942
Single Family
942
Multi-Family
0
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices