129 Mill Creek DrSmiths StationAL36877
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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 Smiths Station at 129 Mill Creek Dr, Smiths Station, AL, 36877 priced at $365,000 converts $2,820/mo rent into $760/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,820/mo, and annual cash flow totals $9,123/yr on $120,998 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 9.27% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 142.59% and total cumulative return in cash sums $172,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,820/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36877, Smiths, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,603 (100%) |
| Owner Occupied HU | 3,741 (66.8%) |
| Renter Occupied HU | 1,540 (27.5%) |
| Vacant Housing Units | 322 ( 5.7%) |
| Median Home Value | $289,532 |
| Average Home Value | $326,925 |
Housing Distribution
Address Breakdown
Residential
5,334
Single Family
5,052
Multi-Family
282
Businesses
243
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Listed by: CLIFF GLANSEN • FLATFEE.COM
Mls Name: LCMLS
Mls ID: #178506