786 New Prospect Church RdHortonAL35980
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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 Horton at 786 New Prospect Church Rd, Horton, AL, 35980 priced at $450,000 converts $2,891/mo rent into $351/mo cash flow after a $2,203/mo obligation. Total monthly income equals $2,891/mo, and annual cash flow totals $4,206/yr on $149,175 invested. Return on cash invested prints 22.73% in year one, and rental yield reads 7.71% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 117.25% and total cumulative return in cash sums $174,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,891/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2003
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35980, Horton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,016 (100%) |
| Owner Occupied HU | 1,495 (74.2%) |
| Renter Occupied HU | 381 (18.9%) |
| Vacant Housing Units | 140 ( 6.9%) |
| Median Home Value | $193,899 |
| Average Home Value | $225,803 |
Housing Distribution
Address Breakdown
Residential
2,063
Single Family
2,063
Multi-Family
0
Businesses
39
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Listed by: Jennifer Walker • Black Diamond Properties, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21430960
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.