196 Morning Ridge RdMonroevilleAL36460
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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 Monroeville at 196 Morning Ridge Rd, Monroeville, AL, 36460 priced at $442,800 converts $3,089/mo rent into $590/mo cash flow after a $2,167/mo obligation. Total monthly income equals $3,089/mo, and annual cash flow totals $7,079/yr on $146,788 invested. Return on cash invested prints 24.73% in year one, and rental yield reads 8.37% against a $442,800 entry. Equity gained on principal adds $2,857/yr, while 5% annual appreciation compiles into $122,337 by year five. Five-year ROI reaches 127.98% and total cumulative return in cash sums $187,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,089/mo property income covering a $2,167/mo payment, not borrower’s personal income.
Single Family
Built in 1993
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36460, Monroeville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,919 (100%) |
| Owner Occupied HU | 2,845 (57.8%) |
| Renter Occupied HU | 1,296 (26.3%) |
| Vacant Housing Units | 778 (15.8%) |
| Median Home Value | $172,455 |
| Average Home Value | $206,851 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
3,954
Multi-Family
317
Businesses
392
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Listed by: Donna Craig • NextHome Coast & Country
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #380515
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.