74 3rd AveRainsvilleAL35986
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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 Rainsville at 74 3rd Ave, Rainsville, AL, 35986 priced at $129,900 converts $1,005/mo rent into $245/mo cash flow after a $636/mo obligation. Total monthly income equals $1,005/mo, and annual cash flow totals $2,941/yr on $43,062 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 9.28% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 139.13% and total cumulative return in cash sums $59,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,005/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35986, Rainsville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,641 (100%) |
| Owner Occupied HU | 2,573 (70.7%) |
| Renter Occupied HU | 806 (22.1%) |
| Vacant Housing Units | 262 ( 7.2%) |
| Median Home Value | $238,413 |
| Average Home Value | $272,546 |
Housing Distribution
Address Breakdown
Residential
3,473
Single Family
3,393
Multi-Family
80
Businesses
326
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Listed by: Darrell Lewis • DIYFlatFee.Com
Mls Name: My State MLS
Mls ID: #11360806