148 Carriage DrMayleneAL35114
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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 Maylene at 148 Carriage Dr, Maylene, AL, 35114 priced at $275,000 converts $2,162/mo rent into $600/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,162/mo, and annual cash flow totals $7,196/yr on $91,163 invested. Return on cash invested prints 27.8% in year one, and rental yield reads 9.43% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 144.52% and total cumulative return in cash sums $131,747. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,162/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35114, Maylene, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,770 (100%) |
| Owner Occupied HU | 2,416 (87.2%) |
| Renter Occupied HU | 277 ( 10.0%) |
| Vacant Housing Units | 77 ( 2.8%) |
| Median Home Value | $326,461 |
| Average Home Value | $331,081 |
Housing Distribution
Address Breakdown
Residential
2,784
Single Family
2,784
Multi-Family
0
Businesses
20
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Listed by: Joseph Daley • Keller Williams Metro South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419727
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.