9 Grove LnSelmaAL36701
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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 Selma at 9 Grove Ln, Selma, AL, 36701 uses $49,692 cash to close to unlock $5,659/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $1,318/mo, and a $734/mo payment keeps the spread at $472/mo. Purchase price stands at $149,900, and rental yield measures 10.55% with $1,318/mo rent. Return on cash invested shows 31.3% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 163.22% and total cumulative return in cash records $81,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,318/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36701, Selma, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,227 (100%) |
| Owner Occupied HU | 5,463 (53.4%) |
| Renter Occupied HU | 3,399 (33.2%) |
| Vacant Housing Units | 1,365 (13.3%) |
| Median Home Value | $114,721 |
| Average Home Value | $152,100 |
Housing Distribution
Address Breakdown
Residential
9,214
Single Family
8,267
Multi-Family
947
Businesses
715
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