14 Miller RdCowartsAL36321
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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 Cowarts at 14 Miller Rd, Cowarts, AL, 36321 uses $66,300 cash to close to unlock $8,424/yr annual cash flow and $702/mo monthly cash flow. Total monthly income runs $1,831/mo, and a $979/mo payment keeps the spread at $702/mo. Purchase price stands at $200,000, and rental yield measures 10.99% with $1,831/mo rent. Return on cash invested shows 32.61% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 170.24% and total cumulative return in cash records $112,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,831/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 2005
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36321, Cowarts, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 820 (100%) |
| Owner Occupied HU | 564 (68.8%) |
| Renter Occupied HU | 181 (22.1%) |
| Vacant Housing Units | 75 ( 9.1%) |
| Median Home Value | $189,904 |
| Average Home Value | $224,521 |
Housing Distribution
Address Breakdown
Residential
760
Single Family
760
Multi-Family
0
Businesses
45
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Listed by: David Ridley • eXp Realty LLC Southern Branch
Mls Name: SAMLS
Mls ID: #204509
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.