19135 Joan Harris RdMount VernonAL36560
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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 Mount Vernon at 19135 Joan Harris Rd, Mount Vernon, AL, 36560 uses $53,007 cash to close to unlock $3,601/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,203/mo, and a $783/mo payment keeps the spread at $300/mo. Purchase price stands at $159,900, and rental yield measures 9.03% with $1,203/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 138.65% and total cumulative return in cash records $73,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,203/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36560, Mount Vernon, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,548 (100%) |
| Owner Occupied HU | 1,056 (68.2%) |
| Renter Occupied HU | 261 (16.9%) |
| Vacant Housing Units | 231 (14.9%) |
| Median Home Value | $114,953 |
| Average Home Value | $151,998 |
Housing Distribution
Address Breakdown
Residential
972
Single Family
972
Multi-Family
0
Businesses
82
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Listed by: Matt Diamond • Diamond Properties
Mls Name: GCMLS
Mls ID: #7608071