203 Mitchell StHeadlandAL36345
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
Investment property for sale in Headland at 203 Mitchell St, Headland, AL, 36345 offers a 8.29% rental yield on a $210,000 purchase with $1,451/mo rent. Total monthly income registers $1,451/mo, and a $1,028/mo payment leaves $266/mo available for distribution. Annual cash flow reaches $3,186/yr on $69,615 to close, and return on cash invested stands at 24.49% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 126.7% and total cumulative return in cash at $88,204. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,451/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36345, Headland, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,642 (100%) |
| Owner Occupied HU | 2,580 (70.8%) |
| Renter Occupied HU | 762 (20.9%) |
| Vacant Housing Units | 300 ( 8.2%) |
| Median Home Value | $195,139 |
| Average Home Value | $232,949 |
Housing Distribution
Address Breakdown
Residential
3,874
Single Family
3,874
Multi-Family
0
Businesses
262
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becky Walker • Keller Williams Southeast Alabama
Mls Name: SAMLS
Mls ID: #204171
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.