105 Charleston Mills DrMidland CityAL36350
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 Midland City at 105 Charleston Mills Dr, Midland City, AL, 36350 offers $4,390/mo rent that, after a $2,643/mo payment, leaves $1,342/mo cash flow. Total monthly income is $4,390/mo, and annual cash flow is $16,105/yr on $177,627 cash. Return on cash invested measures 29.13% in year one, and rental yield stands at 9.76% at a $539,900 entry. Equity gained on principal adds $3,484/yr while 5% annual appreciation compounds into $149,164 by year five. Five-year ROI records 151.55% and total cumulative return in cash reaches $269,191. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,390/mo property income versus a $2,643/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betty Brewer • Berkshire Hathaway HomeServices Showcase Properties
Mls Name: SAMLS
Mls ID: #205882