113 Elliot DrMidland CityAL36350
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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
Investment property for sale in Midland City at 113 Elliot Dr, Midland City, AL, 36350 offers a 7.94% rental yield on a $317,500 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,554/mo payment leaves $308/mo available for distribution. Annual cash flow reaches $3,695/yr on $105,251 to close, and return on cash invested stands at 23.42% in year one. Equity gained on principal adds $2,049/yr while 5% annual appreciation supports $87,719 over five years. Portfolio math shows five-year ROI at 120.95% and total cumulative return in cash at $127,306. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,554/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
9,583 sqft 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
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Listed by: Robert Hewes Jr. • COLDWELL BANKER ALFRED SALIBA REALTY
Mls Name: Wiregrass BOR
Mls ID: #554753