190 Merry Wood DrArabAL35016
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
Rental property for sale in Arab at 190 Merry Wood Dr, Arab, AL, 35016 priced at $250,000 converts $1,478/mo rent into $49/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,478/mo, and annual cash flow totals $583/yr on $82,875 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 7.09% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 106.02% and total cumulative return in cash sums $87,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,478/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35016, Arab, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,914 (100%) |
| Owner Occupied HU | 5,520 (69.7%) |
| Renter Occupied HU | 1,893 (23.9%) |
| Vacant Housing Units | 501 ( 6.3%) |
| Median Home Value | $222,561 |
| Average Home Value | $269,948 |
Housing Distribution
Address Breakdown
Residential
7,656
Single Family
7,333
Multi-Family
323
Businesses
643
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Nearby investment properties with comparable prices
Listed by: Julie Brown • Southern Elite Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21879239
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