115 Miller LnOwens Cross RoadsAL35763
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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
Rental property for sale in Owens Cross Roads at 115 Miller Ln, Owens Cross Roads, AL, 35763 priced at $279,000 converts $2,206/mo rent into $631/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,206/mo, and annual cash flow totals $7,569/yr on $92,489 invested. Return on cash invested prints 28.09% in year one, and rental yield reads 9.49% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 146.01% and total cumulative return in cash sums $135,043. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,206/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35763, Owens Cross Roads, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,206 (100%) |
| Owner Occupied HU | 7,738 (84.1%) |
| Renter Occupied HU | 1,165 (12.7%) |
| Vacant Housing Units | 303 ( 3.3%) |
| Median Home Value | $436,995 |
| Average Home Value | $478,066 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
9,173
Multi-Family
0
Businesses
322
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Listed by: Keith Witherow • Down Home Real Estate
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21882884
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