1141 Myrtle StAlexander CityAL35010
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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 Alexander City at 1141 Myrtle St, Alexander City, AL, 35010 generates $1,269/mo in rent and, after a $783/mo payment, leaves $366/mo in cash flow. Total monthly income is $1,269/mo, and annual cash flow is $4,393/yr on $53,007 invested. Return on cash invested sits at 28.2% in year one, and rental yield is 9.52% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 146.64% and total cumulative return in cash sums $77,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,269/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35010, Alexander City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,913 (100%) |
| Owner Occupied HU | 5,693 (52.2%) |
| Renter Occupied HU | 2,895 (26.5%) |
| Vacant Housing Units | 2,325 (21.3%) |
| Median Home Value | $146,379 |
| Average Home Value | $244,149 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
9,322
Multi-Family
534
Businesses
699
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Listed by: Tony Goss • RealtySouth Auburn-Lake Martin
Mls Name: LMMLS
Mls ID: #25-2266