204 Emerald DrTroyAL36079
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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 Troy at 204 Emerald Dr, Troy, AL, 36079 priced at $238,000 converts $1,490/mo rent into $147/mo cash flow after a $1,165/mo obligation. Total monthly income equals $1,490/mo, and annual cash flow totals $1,758/yr on $78,897 invested. Return on cash invested prints 22.14% in year one, and rental yield reads 7.51% against a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation compiles into $65,755 by year five. Five-year ROI reaches 114.1% and total cumulative return in cash sums $90,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,490/mo property income covering a $1,165/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36079, Troy, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,002 (100%) |
| Owner Occupied HU | 3,081 (61.6%) |
| Renter Occupied HU | 1,450 (29.0%) |
| Vacant Housing Units | 471 ( 9.4%) |
| Median Home Value | $192,287 |
| Average Home Value | $214,284 |
Housing Distribution
Address Breakdown
Residential
4,610
Single Family
4,163
Multi-Family
447
Businesses
139
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Listed by: Jackie Johnson • Berkshire Hathaway HomeServices Showcase Properties
Mls Name: SAMLS
Mls ID: #201638
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.