1313 Highland DrElbaAL36323
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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 Elba at 1313 Highland Dr, Elba, AL, 36323 uses $90,500 cash to close to unlock $39/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $1,544/mo, and a $1,336/mo payment keeps the spread at $3/mo. Purchase price stands at $273,000, and rental yield measures 6.79% with $1,544/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $75,425 over five years. Five-year ROI reaches 102.4% and total cumulative return in cash records $92,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,544/mo property income covering a $1,336/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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