124 E Fairview AveMontgomeryAL36105
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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 Montgomery at 124 E Fairview Ave, Montgomery, AL, 36105 offers $956/mo rent that, after a $587/mo payment, leaves $279/mo cash flow. Total monthly income is $956/mo, and annual cash flow is $3,348/yr on $39,780 cash. Return on cash invested measures 28.33% in year one, and rental yield stands at 9.56% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 147.23% and total cumulative return in cash reaches $58,567. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $956/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36105, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,109 (100%) |
| Owner Occupied HU | 2,443 (47.8%) |
| Renter Occupied HU | 1,669 (32.7%) |
| Vacant Housing Units | 997 (19.5%) |
| Median Home Value | $96,058 |
| Average Home Value | $158,936 |
Housing Distribution
Address Breakdown
Residential
4,329
Single Family
4,267
Multi-Family
62
Businesses
331
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Listed by: April Hatfield • GSP Homes
Mls Name: My State MLS
Mls ID: #11635385