12546 Drift Bay CvElrodAL35458
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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 Elrod at 12546 Drift Bay Cv, Elrod, AL, 35458 generates $1,291/mo in rent and, after a $808/mo payment, leaves $359/mo in cash flow. Total monthly income is $1,291/mo, and annual cash flow is $4,311/yr on $54,698 invested. Return on cash invested sits at 27.79% in year one, and rental yield is 9.39% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 144.44% and total cumulative return in cash sums $79,007. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,291/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35458, Elrod, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 325 (100%) |
| Owner Occupied HU | 217 (66.8%) |
| Renter Occupied HU | 40 (12.3%) |
| Vacant Housing Units | 68 (20.9%) |
| Median Home Value | $169,907 |
| Average Home Value | $223,168 |
Housing Distribution
Address Breakdown
Residential
234
Single Family
234
Multi-Family
0
Businesses
4
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Listed by: Carla Ramsey • EXIT Capstone Realty
Mls Name: WAMLS
Mls Provider:
Mls ID: #168336
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.