129 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
Investment property for sale in Midland City at 129 Elliot, Midland City, AL, 36350 offers a 10.34% rental yield on a $292,500 purchase with $2,520/mo rent. Total monthly income registers $2,520/mo, and a $1,432/mo payment leaves $869/mo available for distribution. Annual cash flow reaches $10,423/yr on $96,964 to close, and return on cash invested stands at 30.66% in year one. Equity gained on principal adds $1,887/yr while 5% annual appreciation supports $80,812 over five years. Portfolio math shows five-year ROI at 159.78% and total cumulative return in cash at $154,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $1,432/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
9,975 sqft 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: #204073