89 County Road 598HancevilleAL35077
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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 Hanceville at 89 County Road 598, Hanceville, AL, 35077 listed at $309,000 pairs $2,010/mo rent with a $1,512/mo payment to leave $266/mo cash flow. Total monthly income runs $2,010/mo, and annual cash flow reaches $3,195/yr on $102,434 cash to close. Return on cash invested measures 23.03% in year one, and rental yield registers 7.81% at a $309,000 basis. Equity gained on principal adds $1,994/yr, and annual property appreciation at 5% supports $85,371 by year five. Five-year ROI tracks 118.89% and total cumulative return in cash totals $121,781. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,010/mo property income relative to a $1,512/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
0.80 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
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Nearby investment properties with comparable prices
Listed by: Jerry Ramos • Happy Homes Real Estate
Mls Name: Strategic MLS Alliance
Mls ID: #525992