1049 Merrywood DrPike RoadAL36064
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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 Pike Road at 1049 Merrywood Dr, Pike Road, AL, 36064 earns $304/mo cash flow from $5,318/mo rent with a $4,283/mo payment. Total monthly income totals $5,318/mo, and annual cash flow totals $3,653/yr on $287,875 capital. ROI tracks 21.33% on current figures, and rental yield reads 7.29% at a $875,000 purchase. Equity gained on principal adds $5,646/yr, and 5% annual appreciation supports $241,746 over five years. Five-year ROI reaches 109.82% and total cumulative return in cash sums $316,151. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,318/mo property income instead of your personal income.
Single Family
Built in 1992
6.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36064, Pike Road, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,084 (100%) |
| Owner Occupied HU | 4,031 (79.3%) |
| Renter Occupied HU | 777 (15.3%) |
| Vacant Housing Units | 276 ( 5.4%) |
| Median Home Value | $377,438 |
| Average Home Value | $407,222 |
Housing Distribution
Address Breakdown
Residential
5,585
Single Family
4,368
Multi-Family
1,217
Businesses
295
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