1567 Reese AveElbaAL36323
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Nearby investment properties with comparable prices
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 Elba at 1567 Reese Ave, Elba, AL, 36323 priced at $137,000 pairs $1,101/mo rent with $320/mo cash flow after a $671/mo payment. Total monthly income equals $1,101/mo, and annual cash flow comes to $3,841/yr on $45,416 invested. Return on cash invested is 28.37% in year one, and rental yield stands at 9.64% on a $137,000 basis. Equity gained on principal adds $884/yr, and 5% annual appreciation accumulates to $37,851 by year five. Five-year ROI measures 147.66% and total cumulative return in cash reaches $67,060. For financing, Ziffy Mortgage’s DSCR program evaluates $1,101/mo property income against a $671/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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Listed by: Alex Arriaga • 1st Class Real Estate Wiregrass
Mls Name: WBOR
Mls ID: #552286
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.