88779 Old Us Hwy #278AltoonaAL35952
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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 Altoona at 88779 Old Us Hwy #278, Altoona, AL, 35952 uses $62,985 cash to close to unlock $5,442/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $930/mo payment keeps the spread at $454/mo. Purchase price stands at $190,000, and rental yield measures 9.64% with $1,526/mo rent. Return on cash invested shows 28.55% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 148.49% and total cumulative return in cash records $93,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35952, Altoona, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,449 (100%) |
| Owner Occupied HU | 2,375 (68.9%) |
| Renter Occupied HU | 771 (22.4%) |
| Vacant Housing Units | 303 ( 8.8%) |
| Median Home Value | $180,774 |
| Average Home Value | $215,077 |
Housing Distribution
Address Breakdown
Residential
3,173
Single Family
3,148
Multi-Family
25
Businesses
156
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Listed by: Sheila Marbut • RealtySouth-Oneonta/Blount Co
Mls Name: GALMLS
Mls Provider:
Mls ID: #21393789
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