105 Mill Creek DrSmiths StationAL36877
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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
Rental property for sale in Smiths Station at 105 Mill Creek Dr, Smiths Station, AL, 36877 priced at $367,000 converts $2,433/mo rent into $362/mo cash flow after a $1,796/mo obligation. Total monthly income equals $2,433/mo, and annual cash flow totals $4,341/yr on $121,661 invested. Return on cash invested prints 23.48% in year one, and rental yield reads 7.96% against a $367,000 entry. Equity gained on principal adds $2,368/yr, while 5% annual appreciation compiles into $101,395 by year five. Five-year ROI reaches 121.26% and total cumulative return in cash sums $147,527. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,433/mo property income covering a $1,796/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36877, Smiths, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,603 (100%) |
| Owner Occupied HU | 3,741 (66.8%) |
| Renter Occupied HU | 1,540 (27.5%) |
| Vacant Housing Units | 322 ( 5.7%) |
| Median Home Value | $289,532 |
| Average Home Value | $326,925 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
5,052
Multi-Family
282
Businesses
243
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Listed by: TANJA CADY • KELLER WILLIAMS REALTY RIVER CITIES III
Mls Name: LCMLS
Mls ID: #178020