118 Melvin Rd, Monroeville, AL, 36460 | $906/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Monroeville at 118 Melvin Rd, Monroeville, AL, 36460 offers $2,374/mo rent that, after a $1,273/mo payment, leaves $906/mo cash flow. Total monthly income is $2,374/mo, and annual cash flow is $10,872/yr on $86,190 cash. Return on cash invested measures 32.52% in year one, and rental yield stands at 10.96% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 169.75% and total cumulative return in cash reaches $146,309. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,374/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1990

0.63 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 36460, Monroeville, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,919 (100%)
Owner Occupied HU	2,845 (57.8%)
Renter Occupied HU	1,296 (26.3%)
Vacant Housing Units	778 (15.8%)
Median Home Value	$172,455
Average Home Value	$206,851