101 Katie DrCowartsAL36321
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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 Cowarts at 101 Katie Dr, Cowarts, AL, 36321 offers a 8.12% rental yield on a $179,900 purchase with $1,218/mo rent. Total monthly income registers $1,218/mo, and a $881/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,425/yr on $59,637 to close, and return on cash invested stands at 23.98% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 124.03% and total cumulative return in cash at $73,965. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,218/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36321, Cowarts, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 820 (100%) |
| Owner Occupied HU | 564 (68.8%) |
| Renter Occupied HU | 181 (22.1%) |
| Vacant Housing Units | 75 ( 9.1%) |
| Median Home Value | $189,904 |
| Average Home Value | $224,521 |
Housing Distribution
Address Breakdown
Residential
760
Single Family
760
Multi-Family
0
Businesses
45
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