15 Mill DrFort MitchellAL36856
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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 Fort Mitchell at 15 Mill Dr, Fort Mitchell, AL, 36856 generates $2,718/mo in rent and, after a $1,537/mo payment, leaves $946/mo in cash flow. Total monthly income is $2,718/mo, and annual cash flow is $11,346/yr on $104,091 invested. Return on cash invested sits at 30.81% in year one, and rental yield is 10.39% on a $314,000 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation builds toward $86,752 over five years. Five-year ROI reaches 160.59% and total cumulative return in cash sums $167,163. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,718/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36856, Fort Mitchell, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,948 (100%) |
| Owner Occupied HU | 2,088 (70.8%) |
| Renter Occupied HU | 600 (20.4%) |
| Vacant Housing Units | 260 ( 8.8%) |
| Median Home Value | $252,279 |
| Average Home Value | $237,555 |
Housing Distribution
Address Breakdown
Residential
2,911
Single Family
2,911
Multi-Family
0
Businesses
87
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Listed by: Marshay Rogers • Keller Williams Realty River Cities
Mls Name: CBORGA
Mls ID: #222542