1156 Tate RdMillryAL36558
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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 Millry at 1156 Tate Rd, Millry, AL, 36558 uses $47,073 cash to close to unlock $3,918/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $1,128/mo, and a $695/mo payment keeps the spread at $327/mo. Purchase price stands at $142,000, and rental yield measures 9.53% with $1,128/mo rent. Return on cash invested shows 28.23% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 146.79% and total cumulative return in cash records $69,098. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,128/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36558, Millry, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,754 (100%) |
| Owner Occupied HU | 1,192 (68.0%) |
| Renter Occupied HU | 201 (11.5%) |
| Vacant Housing Units | 361 (20.6%) |
| Median Home Value | $160,816 |
| Average Home Value | $163,903 |
Housing Distribution
Address Breakdown
Residential
1,500
Single Family
1,500
Multi-Family
0
Businesses
78
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