135 Grissette StMonroevilleAL36460
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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 Monroeville at 135 Grissette St, Monroeville, AL, 36460 uses $49,675 cash to close to unlock $3,703/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,154/mo, and a $733/mo payment keeps the spread at $309/mo. Purchase price stands at $149,850, and rental yield measures 9.24% with $1,154/mo rent. Return on cash invested shows 27.36% in year one, and 5% annual appreciation builds toward $41,401 over five years. Five-year ROI reaches 142.1% and total cumulative return in cash records $70,591. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,154/mo property income covering a $733/mo payment rather than investor’s personal income.
Single Family
Built in 2006
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36460, Monroeville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,919 (100%) |
| Owner Occupied HU | 2,845 (57.8%) |
| Renter Occupied HU | 1,296 (26.3%) |
| Vacant Housing Units | 778 (15.8%) |
| Median Home Value | $172,455 |
| Average Home Value | $206,851 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
3,954
Multi-Family
317
Businesses
392
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Listed by: Debra Donaldson • Coldwell Banker 1st Choice Realty
Mls Name: Covington AOR
Mls ID: #25370