103 Jasmine WayTroyAL36079
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 Troy at 103 Jasmine Way, Troy, AL, 36079 priced at $259,900 converts $1,819/mo rent into $352/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,819/mo, and annual cash flow totals $4,225/yr on $86,157 invested. Return on cash invested prints 24.81% in year one, and rental yield reads 8.4% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 128.48% and total cumulative return in cash sums $110,698. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,819/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36079, Troy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,002 (100%) |
| Owner Occupied HU | 3,081 (61.6%) |
| Renter Occupied HU | 1,450 (29.0%) |
| Vacant Housing Units | 471 ( 9.4%) |
| Median Home Value | $192,287 |
| Average Home Value | $214,284 |
Housing Distribution
Address Breakdown
Residential
4,610
Single Family
4,163
Multi-Family
447
Businesses
139
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Listed by: Brandy S. Daniels • ERA Weeks & Browning Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #568494
Disclaimer: Information is deemed reliable, but not guaranteed. Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. Real estate listings held by brokerage firms other than Zillow, Inc are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.