729 10th Ave NERed 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
Investment property for sale in Red Bay at 729 10th Ave NE, Red Bay, AL, 35582 earns $282/mo cash flow from $1,066/mo rent with a $680/mo payment. Total monthly income totals $1,066/mo, and annual cash flow totals $3,382/yr on $46,045 capital. ROI tracks 27.25% on current figures, and rental yield reads 9.21% at a $138,900 purchase. Equity gained on principal adds $896/yr, and 5% annual appreciation supports $38,376 over five years. Five-year ROI reaches 141.51% and total cumulative return in cash sums $65,161. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,066/mo property income instead of your personal income.
Single Family
Built in 1971
0.50 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: Mandy Ivy • BrickDriven Realty Florence
Mls Name: Strategic MLS Alliance
Mls ID: #520037
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.