790 County Road 503HancevilleAL35077
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 Hanceville at 790 County Road 503, Hanceville, AL, 35077 uses $47,869 cash to close to unlock $6,536/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $1,360/mo, and a $707/mo payment keeps the spread at $545/mo. Purchase price stands at $144,400, and rental yield measures 11.3% with $1,360/mo rent. Return on cash invested shows 33.56% in year one, and 5% annual appreciation builds toward $39,895 over five years. Five-year ROI reaches 175.4% and total cumulative return in cash records $83,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,360/mo property income covering a $707/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35077, Hanceville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,443 (100%) |
| Owner Occupied HU | 4,445 (69.0%) |
| Renter Occupied HU | 1,436 (22.3%) |
| Vacant Housing Units | 562 ( 8.7%) |
| Median Home Value | $200,496 |
| Average Home Value | $263,431 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,904
Multi-Family
65
Businesses
347
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robbie Downs • HAGEMORE REALTY GROUP
Mls Name: Strategic MLS Alliance
Mls ID: #518817
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.