21119 Old Elkmont RdAthensAL35614
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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 Athens at 21119 Old Elkmont Rd, Athens, AL, 35614 offers a 11.48% rental yield on a $159,900 purchase with $1,530/mo rent. Total monthly income registers $1,530/mo, and a $783/mo payment leaves $627/mo available for distribution. Annual cash flow reaches $7,525/yr on $53,007 to close, and return on cash invested stands at 34.1% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 178.36% and total cumulative return in cash at $94,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35614, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,686 (100%) |
| Owner Occupied HU | 2,617 (71.0%) |
| Renter Occupied HU | 769 (20.9%) |
| Vacant Housing Units | 300 ( 8.1%) |
| Median Home Value | $267,821 |
| Average Home Value | $323,535 |
Housing Distribution
Address Breakdown
Residential
3,517
Single Family
3,517
Multi-Family
0
Businesses
69
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