174 Joe Walding DrMidland CityAL36350
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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 Midland City at 174 Joe Walding Dr, Midland City, AL, 36350 listed at $154,900 pairs $1,534/mo rent with a $758/mo payment to leave $660/mo cash flow. Total monthly income runs $1,534/mo, and annual cash flow reaches $7,918/yr on $51,349 cash to close. Return on cash invested measures 35.33% in year one, and rental yield registers 11.88% at a $154,900 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,796 by year five. Five-year ROI tracks 184.82% and total cumulative return in cash totals $94,904. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,534/mo property income relative to a $758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
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Listed by: Mike Pierce • AXEN Realty Partners LLC
Mls Name: SAMLS
Mls ID: #207687