77 Price DrFlorenceAL35633
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 Florence at 77 Price Dr, Florence, AL, 35633 priced at $169,000 converts $1,403/mo rent into $449/mo cash flow after a $827/mo obligation. Total monthly income equals $1,403/mo, and annual cash flow totals $5,391/yr on $56,024 invested. Return on cash invested prints 29.53% in year one, and rental yield reads 9.96% against a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation compiles into $46,692 by year five. Five-year ROI reaches 153.81% and total cumulative return in cash sums $86,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,403/mo property income covering a $827/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35633, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,363 (100%) |
| Owner Occupied HU | 6,846 (73.1%) |
| Renter Occupied HU | 1,753 (18.7%) |
| Vacant Housing Units | 764 ( 8.2%) |
| Median Home Value | $212,457 |
| Average Home Value | $235,077 |
Housing Distribution
Address Breakdown
Residential
8,877
Single Family
8,535
Multi-Family
342
Businesses
275
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