1008 McMillan St ETalladegaAL35160
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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
Rental property for sale in Talladega at 1008 McMillan St E, Talladega, AL, 35160 priced at $128,000 converts $941/mo rent into $219/mo cash flow after a $627/mo obligation. Total monthly income equals $941/mo, and annual cash flow totals $2,624/yr on $42,432 invested. Return on cash invested prints 26.09% in year one, and rental yield reads 8.82% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 135.32% and total cumulative return in cash sums $57,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $941/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35160, Talladega, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,627 (100%) |
| Owner Occupied HU | 7,296 (57.8%) |
| Renter Occupied HU | 3,436 (27.2%) |
| Vacant Housing Units | 1,895 (15.0%) |
| Median Home Value | $160,200 |
| Average Home Value | $225,173 |
Housing Distribution
Address Breakdown
Residential
11,112
Single Family
10,753
Multi-Family
359
Businesses
621
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Listed by: Julie Watson • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21365124
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.