1604 Cobblestone CtMontgomeryAL36117
Nearby investment properties with comparable rents
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
Investment property for sale in Montgomery at 1604 Cobblestone Ct, Montgomery, AL, 36117 offers a 9.15% rental yield on a $120,000 purchase with $915/mo rent. Total monthly income registers $915/mo, and a $587/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,856/yr on $39,780 to close, and return on cash invested stands at 27.09% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 140.59% and total cumulative return in cash at $55,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $915/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36117, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,007 (100%) |
| Owner Occupied HU | 13,567 (56.5%) |
| Renter Occupied HU | 8,597 (35.8%) |
| Vacant Housing Units | 1,843 ( 7.7%) |
| Median Home Value | $250,387 |
| Average Home Value | $309,204 |
Housing Distribution
Address Breakdown
Residential
23,587
Single Family
18,506
Multi-Family
5,081
Businesses
2,380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherri Phelps • GoodLife Real Estate, LLC.
Mls Name: MAAR
Mls Provider:
Mls ID: #577506
Disclaimer: Information is deemed reliable, but not guaranteed. Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS Inc. Real estate listings held by brokerage firms other than Zillow, Inc are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.