123 ElliotMidland CityAL36350
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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
Rental property for sale in Midland City at 123 Elliot, Midland City, AL, 36350 generates $2,520/mo in rent and, after a $1,437/mo payment, leaves $863/mo in cash flow. Total monthly income is $2,520/mo, and annual cash flow is $10,355/yr on $97,295 invested. Return on cash invested sits at 30.55% in year one, and rental yield is 10.3% on a $293,500 entry. Equity gained on principal adds $1,894/yr, while 5% annual appreciation builds toward $81,089 over five years. Five-year ROI reaches 159.19% and total cumulative return in cash sums $154,883. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
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Listed by: Robert Hewes • Coldwell Banker/Alfred Saliba
Mls Name: SAMLS
Mls ID: #204922