0 Parker Rd WEight MileAL36613
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
Rental property for sale in Eight Mile at 0 Parker Rd W, Eight Mile, AL, 36613 offers $964/mo rent that, after a $629/mo payment, leaves $239/mo cash flow. Total monthly income is $964/mo, and annual cash flow is $2,864/yr on $42,598 cash. Return on cash invested measures 26.63% in year one, and rental yield stands at 9% at a $128,500 entry. Equity gained on principal adds $829/yr while 5% annual appreciation compounds into $35,502 by year five. Five-year ROI records 138.23% and total cumulative return in cash reaches $58,884. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $964/mo property income versus a $629/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36613, Eight Mile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,237 (100%) |
| Owner Occupied HU | 3,502 (66.9%) |
| Renter Occupied HU | 1,154 (22.0%) |
| Vacant Housing Units | 581 (11.1%) |
| Median Home Value | $203,687 |
| Average Home Value | $258,898 |
Housing Distribution
Address Breakdown
Residential
4,852
Single Family
4,614
Multi-Family
238
Businesses
149
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Listed by: Vickie Tillman • EXIT ALLSTAR REALTY
Mls Name: EXIT Realty broker feed
Mls ID: #7603497