109 Harmon Island RdCropwellAL35054
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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 Cropwell at 109 Harmon Island Rd, Cropwell, AL, 35054 priced at $875,000 converts $2,906/mo rent into after a $4,283/mo obligation. Total monthly income equals $2,906/mo. Return on cash invested prints 11.58% in year one, and rental yield reads 3.99% against a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation compiles into $241,746 by year five. Five-year ROI reaches 57.45% and total cumulative return in cash sums $165,383. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,906/mo property income covering a $4,283/mo payment, not borrower’s personal income.
Single Family
Built in 2008
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35054, Cropwell, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,273 (100%) |
| Owner Occupied HU | 1,551 (68.2%) |
| Renter Occupied HU | 278 (12.2%) |
| Vacant Housing Units | 444 (19.5%) |
| Median Home Value | $328,886 |
| Average Home Value | $330,409 |
Housing Distribution
Address Breakdown
Residential
2,027
Single Family
2,027
Multi-Family
0
Businesses
140
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Listed by: Nicole Anderson • LAKE HOMES REALTY LLC dba LHR of West Alabama
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414258
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.