13 Maxwell DrFort MitchellAL36856
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fort Mitchell at 13 Maxwell Dr, Fort Mitchell, AL, 36856 priced at $285,000 converts $2,186/mo rent into $577/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,186/mo, and annual cash flow totals $6,927/yr on $94,478 invested. Return on cash invested prints 27.24% in year one, and rental yield reads 9.2% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 141.49% and total cumulative return in cash sums $133,674. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,186/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36856, Fort Mitchell, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,948 (100%) |
| Owner Occupied HU | 2,088 (70.8%) |
| Renter Occupied HU | 600 (20.4%) |
| Vacant Housing Units | 260 ( 8.8%) |
| Median Home Value | $252,279 |
| Average Home Value | $237,555 |
Housing Distribution
Address Breakdown
Residential
2,911
Single Family
2,911
Multi-Family
0
Businesses
87
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Listed by: Riley Manasek • Keller Williams Realty River C
Mls Name: East Alabama BOR
Mls ID: #E102840