904 Skypark RdFlorenceAL35634
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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 Florence at 904 Skypark Rd, Florence, AL, 35634 uses $170,060 cash to close to unlock $3,700/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $3,226/mo, and a $2,530/mo payment keeps the spread at $308/mo. Purchase price stands at $516,900, and rental yield measures 7.49% with $3,226/mo rent. Return on cash invested shows 22.24% in year one, and 5% annual appreciation builds toward $142,810 over five years. Five-year ROI reaches 114.59% and total cumulative return in cash records $194,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,226/mo property income covering a $2,530/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35634, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,052 (100%) |
| Owner Occupied HU | 3,757 (74.4%) |
| Renter Occupied HU | 789 (15.6%) |
| Vacant Housing Units | 506 (10.0%) |
| Median Home Value | $294,579 |
| Average Home Value | $371,757 |
Housing Distribution
Address Breakdown
Residential
4,809
Single Family
4,706
Multi-Family
103
Businesses
203
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Listed by: Devin Battles • RE/MAX Tri-State
Mls Name: Strategic MLS Alliance
Mls ID: #521826
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.