97 Greer DrSneadAL35952
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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 Snead at 97 Greer Dr, Snead, AL, 35952 uses $56,149 cash to close to unlock $14,883/yr annual cash flow and $1,240/mo monthly cash flow. Total monthly income runs $2,257/mo, and a $829/mo payment keeps the spread at $1,240/mo. Purchase price stands at $169,380, and rental yield measures 15.99% with $2,257/mo rent. Return on cash invested shows 46.42% in year one, and 5% annual appreciation builds toward $46,797 over five years. Five-year ROI reaches 244.8% and total cumulative return in cash records $137,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,257/mo property income covering a $829/mo payment rather than investor’s personal income.
Single Family
Built in 1986
1 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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