15430 Morgan Ln NWilmerAL36587
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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 Wilmer at 15430 Morgan Ln N, Wilmer, AL, 36587 uses $58,676 cash to close to unlock $3,876/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $1,326/mo, and a $866/mo payment keeps the spread at $323/mo. Purchase price stands at $177,000, and rental yield measures 8.99% with $1,326/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $48,902 over five years. Five-year ROI reaches 137.55% and total cumulative return in cash records $80,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,326/mo property income covering a $866/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36587, Wilmer, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,697 (76.9%) |
| Renter Occupied HU | 699 (14.5%) |
| Vacant Housing Units | 409 ( 8.5%) |
| Median Home Value | $220,696 |
| Average Home Value | $248,182 |
Housing Distribution
Address Breakdown
Residential
4,104
Single Family
4,104
Multi-Family
0
Businesses
104
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Listed by: Amanda Hasiak • Roberts Brothers West
Mls Name: GCMLS
Mls Provider:
Mls ID: #7484360
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.