187 Mylo RdHarvestAL35749
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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
Rental property for sale in Harvest at 187 Mylo Rd, Harvest, AL, 35749 priced at $229,000 converts $2,026/mo rent into $733/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,026/mo, and annual cash flow totals $8,799/yr on $75,914 invested. Return on cash invested prints 31.5% in year one, and rental yield reads 10.62% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 164.32% and total cumulative return in cash sums $124,745. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,026/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35749, Harvest, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,975 (100%) |
| Owner Occupied HU | 9,459 (86.2%) |
| Renter Occupied HU | 1,200 (10.9%) |
| Vacant Housing Units | 316 ( 2.9%) |
| Median Home Value | $321,761 |
| Average Home Value | $361,588 |
Housing Distribution
Address Breakdown
Residential
11,286
Single Family
11,264
Multi-Family
22
Businesses
258
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