7740 Highway 62VincentAL35178
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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 Vincent at 7740 Highway 62, Vincent, AL, 35178 listed at $260,000 pairs $2,068/mo rent with a $1,273/mo payment to leave $600/mo cash flow. Total monthly income runs $2,068/mo, and annual cash flow reaches $7,200/yr on $86,190 cash to close. Return on cash invested measures 28.26% in year one, and rental yield registers 9.54% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 146.91% and total cumulative return in cash totals $126,617. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,068/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
3.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35178, Vincent, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,324 (72.0%) |
| Renter Occupied HU | 270 (14.7%) |
| Vacant Housing Units | 245 (13.3%) |
| Median Home Value | $260,993 |
| Average Home Value | $282,891 |
Housing Distribution
Address Breakdown
Residential
1,555
Single Family
1,555
Multi-Family
0
Businesses
48
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Listed by: Karen Kennessey • Classic Realty Groups
Mls Name: GALMLS
Mls Provider:
Mls ID: #21426194
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.