7311 Highway 23VinaAL35593
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
Investment property for sale in Vina at 7311 Highway 23, Vina, AL, 35593 offers a 10.01% rental yield on a $235,000 purchase with $1,960/mo rent. Total monthly income registers $1,960/mo, and a $1,150/mo payment leaves $634/mo available for distribution. Annual cash flow reaches $7,605/yr on $77,903 to close, and return on cash invested stands at 29.67% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 154.49% and total cumulative return in cash at $120,352. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,960/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35593, Vina, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 857 (100%) |
| Owner Occupied HU | 588 (68.6%) |
| Renter Occupied HU | 118 (13.8%) |
| Vacant Housing Units | 151 (17.6%) |
| Median Home Value | $166,761 |
| Average Home Value | $188,363 |
Housing Distribution
Address Breakdown
Residential
797
Single Family
797
Multi-Family
0
Businesses
21
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Nearby investment properties with comparable prices
Listed by: Jerromy Downey • EXIT River City Realty
Mls Name: Strategic MLS Alliance
Mls ID: #520276
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.