12597 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
Investment property for sale in Elrod at 12597 Drift Bay Cv, Elrod, AL, 35458 offers a 8.91% rental yield on a $184,900 purchase with $1,373/mo rent. Total monthly income registers $1,373/mo, and a $905/mo payment leaves $329/mo available for distribution. Annual cash flow reaches $3,952/yr on $61,294 to close, and return on cash invested stands at 26.36% in year one. Equity gained on principal adds $1,193/yr while 5% annual appreciation supports $51,084 over five years. Portfolio math shows five-year ROI at 136.76% and total cumulative return in cash at $83,827. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,373/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Tanner Summerlin • HAMNER REAL ESTATE
Mls Name: WAMLS
Mls Provider:
Mls ID: #168933
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.