1514 Elkton StAthensAL35614
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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 Athens at 1514 Elkton St, Athens, AL, 35614 uses $69,582 cash to close to unlock $4,147/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $1,027/mo payment keeps the spread at $346/mo. Purchase price stands at $209,900, and rental yield measures 8.75% with $1,530/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 134.12% and total cumulative return in cash records $93,320. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35614, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,686 (100%) |
| Owner Occupied HU | 2,617 (71.0%) |
| Renter Occupied HU | 769 (20.9%) |
| Vacant Housing Units | 300 ( 8.1%) |
| Median Home Value | $267,821 |
| Average Home Value | $323,535 |
Housing Distribution
Address Breakdown
Residential
3,517
Single Family
3,517
Multi-Family
0
Businesses
69
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