122 Mims CirClantonAL35045
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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 Clanton at 122 Mims Cir, Clanton, AL, 35045 uses $61,328 cash to close to unlock $5,914/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $1,540/mo, and a $905/mo payment keeps the spread at $493/mo. Purchase price stands at $185,000, and rental yield measures 9.99% with $1,540/mo rent. Return on cash invested shows 29.55% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 153.86% and total cumulative return in cash records $94,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,540/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35045, Clanton, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,508 (100%) |
| Owner Occupied HU | 4,206 (64.6%) |
| Renter Occupied HU | 1,727 (26.5%) |
| Vacant Housing Units | 575 ( 8.8%) |
| Median Home Value | $184,369 |
| Average Home Value | $199,867 |
Housing Distribution
Address Breakdown
Residential
6,540
Single Family
6,452
Multi-Family
88
Businesses
600
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Listed by: Taunea Green • Keller Williams Metro South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416059
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.