1017 David DrMontgomeryAL36117
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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 Montgomery at 1017 David Dr, Montgomery, AL, 36117 uses $69,615 cash to close to unlock $5,646/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $1,656/mo, and a $1,028/mo payment keeps the spread at $471/mo. Purchase price stands at $210,000, and rental yield measures 9.46% with $1,656/mo rent. Return on cash invested shows 28.02% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 145.65% and total cumulative return in cash records $101,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,656/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1993
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36117, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,007 (100%) |
| Owner Occupied HU | 13,567 (56.5%) |
| Renter Occupied HU | 8,597 (35.8%) |
| Vacant Housing Units | 1,843 ( 7.7%) |
| Median Home Value | $250,387 |
| Average Home Value | $309,204 |
Housing Distribution
Address Breakdown
Residential
23,587
Single Family
18,506
Multi-Family
5,081
Businesses
2,380
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Listed by: Ashley Moody • Real Broker LLC
Mls Name: GALMLS
Mls ID: #21425285