114 Iron CirMeridianvilleAL35759
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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 Meridianville at 114 Iron Cir, Meridianville, AL, 35759 priced at $477,199 pairs $2,370/mo rent with after a $2,336/mo payment. Total monthly income equals $2,370/mo. Return on cash invested is 17.45% in year one, and rental yield stands at 5.96% on a $477,199 basis. Equity gained on principal adds $3,079/yr, and 5% annual appreciation accumulates to $131,841 by year five. Five-year ROI measures 88.98% and total cumulative return in cash reaches $140,761. For financing, Ziffy Mortgage’s DSCR program evaluates $2,370/mo property income against a $2,336/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35759, Meridianville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,413 (100%) |
| Owner Occupied HU | 4,647 (85.8%) |
| Renter Occupied HU | 536 ( 9.9%) |
| Vacant Housing Units | 230 ( 4.2%) |
| Median Home Value | $317,342 |
| Average Home Value | $350,392 |
Housing Distribution
Address Breakdown
Residential
5,332
Single Family
5,332
Multi-Family
0
Businesses
235
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Listed by: Rhonda DeVaney • Porch Light Real Estate LLC
Mls Name: ValleyMLS
Mls ID: #21908445