105 Charleston Mills Dr #Q6B2SVMidland 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
Investment property for sale in Midland City at 105 Charleston Mills Dr #Q6B2SV, Midland City, AL, 36350 uses $156,302 cash to close to unlock $17,044/yr annual cash flow and $1,420/mo monthly cash flow. Total monthly income runs $4,082/mo, and a $2,308/mo payment keeps the spread at $1,420/mo. Purchase price stands at $471,500, and rental yield measures 10.39% with $4,082/mo rent. Return on cash invested shows 30.81% in year one, and 5% annual appreciation builds toward $130,267 over five years. Five-year ROI reaches 160.62% and total cumulative return in cash records $251,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,082/mo property income covering a $2,308/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A