1908 County Road 349ElbaAL36323
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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 Elba at 1908 County Road 349, Elba, AL, 36323 earns $211/mo cash flow from $897/mo rent with a $582/mo payment. Total monthly income totals $897/mo, and annual cash flow totals $2,535/yr on $39,449 capital. ROI tracks 26.34% on current figures, and rental yield reads 9.05% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 136.84% and total cumulative return in cash sums $53,981. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $897/mo property income instead of your personal income.
Single Family
Built in 1981
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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Listed by: LINDA SIMMONS • TEAM LINDA SIMMONS REAL ESTATE
Mls Name: Wiregrass BOR
Mls ID: #554696
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.