1403 Midway DrAndalusiaAL36420
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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 Andalusia at 1403 Midway Dr, Andalusia, AL, 36420 generates $1,496/mo in rent, after a $1,515/mo payment. Total monthly income is $1,496/mo. Return on cash invested sits at 16.97% in year one, and rental yield is 5.8% on a $309,500 entry. Equity gained on principal adds $1,997/yr, while 5% annual appreciation builds toward $85,509 over five years. Five-year ROI reaches 86.38% and total cumulative return in cash sums $88,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,496/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36420, Andalusia, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,481 (100%) |
| Owner Occupied HU | 3,159 (57.6%) |
| Renter Occupied HU | 1,431 (26.1%) |
| Vacant Housing Units | 891 (16.3%) |
| Median Home Value | $197,120 |
| Average Home Value | $227,225 |
Housing Distribution
Address Breakdown
Residential
4,749
Single Family
4,679
Multi-Family
70
Businesses
842
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Listed by: Wynne W. Glenn • BASS AGENCY REAL ESTATE
Mls Name: Covington AOR
Mls Provider:
Mls ID: #25238
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.