1018 Ted Bates RdEvergreenAL36401
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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 Evergreen at 1018 Ted Bates Rd, Evergreen, AL, 36401 offers a 9.78% rental yield on a $288,000 purchase with $2,348/mo rent. Total monthly income registers $2,348/mo, and a $1,410/mo payment leaves $722/mo available for distribution. Annual cash flow reaches $8,664/yr on $95,472 to close, and return on cash invested stands at 28.98% in year one. Equity gained on principal adds $1,858/yr while 5% annual appreciation supports $79,569 over five years. Portfolio math shows five-year ROI at 150.77% and total cumulative return in cash at $143,940. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,348/mo property income against a $1,410/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
1.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36401, Evergreen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,762 (100%) |
| Owner Occupied HU | 1,965 (52.2%) |
| Renter Occupied HU | 969 (25.8%) |
| Vacant Housing Units | 828 (22.0%) |
| Median Home Value | $120,947 |
| Average Home Value | $148,519 |
Housing Distribution
Address Breakdown
Residential
3,346
Single Family
3,083
Multi-Family
263
Businesses
383
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