104 Elmar DrAlexandriaAL36250
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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 Alexandria at 104 Elmar Dr, Alexandria, AL, 36250 uses $122,324 cash to close to unlock $4,695/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $2,474/mo, and a $1,806/mo payment keeps the spread at $391/mo. Purchase price stands at $369,000, and rental yield measures 8.05% with $2,474/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 122.74% and total cumulative return in cash records $150,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,474/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36250, Alexandria, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,701 (100%) |
| Owner Occupied HU | 1,370 (80.5%) |
| Renter Occupied HU | 225 (13.2%) |
| Vacant Housing Units | 106 ( 6.2%) |
| Median Home Value | $187,563 |
| Average Home Value | $202,874 |
Housing Distribution
Address Breakdown
Residential
1,759
Single Family
1,759
Multi-Family
0
Businesses
187
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Listed by: Erin Griffith • ERA King Real Estate
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420912
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.