8748 Highway 22Spruce PineAL35585
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 Spruce Pine at 8748 Highway 22, Spruce Pine, AL, 35585 offers a 9.52% rental yield on a $164,900 purchase with $1,308/mo rent. Total monthly income registers $1,308/mo, and a $807/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,528/yr on $54,664 to close, and return on cash invested stands at 28.19% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 146.6% and total cumulative return in cash at $80,140. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,308/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
4.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35585, Spruce Pine, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 678 (100%) |
| Owner Occupied HU | 449 (66.2%) |
| Renter Occupied HU | 151 (22.3%) |
| Vacant Housing Units | 78 (11.5%) |
| Median Home Value | $183,984 |
| Average Home Value | $223,062 |
Housing Distribution
Address Breakdown
Residential
664
Single Family
664
Multi-Family
0
Businesses
28
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Nearby investment properties with comparable prices
Listed by: Kathy Senkbeil • Exit 8:28 Realty
Mls Name: Strategic MLS Alliance
Mls ID: #520419
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.