113 Melissa StMidland 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 113 Melissa St, Midland City, AL, 36350 at $171,900 posts ROI 34.99% with $716/mo cash flow from $1,686/mo rent. Total monthly income equals $1,686/mo, and annual cash flow records $8,593/yr on $56,985 to close. Return on cash invested measures 34.99% and rental yield reads 11.77% at the current $171,900. Equity gained on principal adds $1,109/yr, and 5% annual appreciation supports $47,493 by year five. Five-year ROI prints 183.07% and total cumulative return in cash totals $104,322.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,686/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1981
0.34 Acres 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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Nearby investment properties with comparable prices
Listed by: Abby Rogers • Coldwell Banker/Alfred Saliba
Mls Name: SAMLS
Mls ID: #204635