18524 Highway 140ElrodAL35458
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 Elrod at 18524 Highway 140, Elrod, AL, 35458 uses $97,759 cash to close to unlock $4,594/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,047/mo, and a $1,443/mo payment keeps the spread at $383/mo. Purchase price stands at $294,900, and rental yield measures 8.33% with $2,047/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 127.34% and total cumulative return in cash records $124,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,047/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 2006
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35458, Elrod, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 325 (100%) |
| Owner Occupied HU | 217 (66.8%) |
| Renter Occupied HU | 40 (12.3%) |
| Vacant Housing Units | 68 (20.9%) |
| Median Home Value | $169,907 |
| Average Home Value | $223,168 |
Housing Distribution
Address Breakdown
Residential
234
Single Family
234
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ralph Harvey • ListWithFreedom.com
Mls Name: WAMLS
Mls Provider:
Mls ID: #167916
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.