970 Boat Works RdAdgerAL35006
Nearby investment properties with comparable rents
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 Adger at 970 Boat Works Rd, Adger, AL, 35006 with 5% annual appreciation on a $190,000 basis while $1,128/mo rent supports operations. Total monthly income totals $1,128/mo and a $930/mo payment preserves $45/mo for cash returns. Annual cash flow comes to $542/yr on $62,985 deployed, and return on cash invested reaches 20.77% in year one. Equity gained on principal adds $1,226/yr, and five-year appreciation sums $52,494 alongside rental yield of 7.12%. Five-year ROI measures 106.86% and total cumulative return in cash totals $67,308.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,128/mo property income versus a $930/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35006, Adger, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,575 (100%) |
| Owner Occupied HU | 1,076 (68.3%) |
| Renter Occupied HU | 187 (11.9%) |
| Vacant Housing Units | 312 (19.8%) |
| Median Home Value | $206,838 |
| Average Home Value | $245,704 |
Housing Distribution
Address Breakdown
Residential
1,586
Single Family
1,586
Multi-Family
0
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices