160 Mitchell CtEmpireAL35063
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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 Empire at 160 Mitchell Ct, Empire, AL, 35063 uses $73,394 cash to close to unlock $7,979/yr annual cash flow and $665/mo monthly cash flow. Total monthly income runs $1,915/mo, and a $1,084/mo payment keeps the spread at $665/mo. Purchase price stands at $221,400, and rental yield measures 10.38% with $1,915/mo rent. Return on cash invested shows 30.78% in year one, and 5% annual appreciation builds toward $61,169 over five years. Five-year ROI reaches 160.42% and total cumulative return in cash records $117,739. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,915/mo property income covering a $1,084/mo payment rather than investor’s personal income.
Single Family
Built in 1986
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35063, Empire, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,678 (100%) |
| Owner Occupied HU | 1,162 (69.2%) |
| Renter Occupied HU | 333 (19.8%) |
| Vacant Housing Units | 183 (10.9%) |
| Median Home Value | $123,148 |
| Average Home Value | $150,267 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,474
Multi-Family
0
Businesses
32
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