18651 Highway 31EvergreenAL36401
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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 Evergreen at 18651 Highway 31, Evergreen, AL, 36401 uses $60,665 cash to close to unlock $10,569/yr annual cash flow and $881/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $896/mo payment keeps the spread at $881/mo. Purchase price stands at $183,000, and rental yield measures 12.55% with $1,914/mo rent. Return on cash invested shows 37.33% in year one, and 5% annual appreciation builds toward $50,560 over five years. Five-year ROI reaches 195.55% and total cumulative return in cash records $118,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $896/mo payment rather than investor’s personal income.
Single Family
Built in 1952
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36401, Evergreen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,762 (100%) |
| Owner Occupied HU | 1,965 (52.2%) |
| Renter Occupied HU | 969 (25.8%) |
| Vacant Housing Units | 828 (22.0%) |
| Median Home Value | $120,947 |
| Average Home Value | $148,519 |
Housing Distribution
Address Breakdown
Residential
3,346
Single Family
3,083
Multi-Family
263
Businesses
383
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Listed by: Melissa McMillan • Hope Realty & Development
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #376521
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.