1145 Elm AveElbaAL36323
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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 Elba at 1145 Elm Ave, Elba, AL, 36323 with 5% annual appreciation on a $159,500 basis while $1,502/mo rent supports operations. Total monthly income totals $1,502/mo and a $781/mo payment preserves $601/mo for cash returns. Annual cash flow comes to $7,216/yr on $52,874 deployed, and return on cash invested reaches 33.56% in year one. Equity gained on principal adds $1,029/yr, and five-year appreciation sums $44,067 alongside rental yield of 11.3%. Five-year ROI measures 175.39% and total cumulative return in cash totals $92,737.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,502/mo property income versus a $781/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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Listed by: Joshua Glover • 1st Class Real Estate Wiregrass
Mls Name: Wiregrass BOR
Mls ID: #553248
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.