110 Myrtle StColumbianaAL35051
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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 Columbiana at 110 Myrtle St, Columbiana, AL, 35051 priced at $149,900 converts $1,459/mo rent into $571/mo cash flow after a $734/mo obligation. Total monthly income equals $1,459/mo, and annual cash flow totals $6,852/yr on $49,692 invested. Return on cash invested prints 33.7% in year one, and rental yield reads 11.68% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 176.43% and total cumulative return in cash sums $87,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,459/mo property income covering a $734/mo payment, not borrower’s personal income.
Multi Family
Built in 1947
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35051, Columbiana, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,476 (68.6%) |
| Renter Occupied HU | 830 (23.0%) |
| Vacant Housing Units | 301 ( 8.3%) |
| Median Home Value | $329,118 |
| Average Home Value | $357,637 |
Housing Distribution
Address Breakdown
Residential
3,426
Single Family
3,254
Multi-Family
172
Businesses
333
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Listed by: Drew Taylor • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21433056
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.