217 Wilcot RdMeridianvilleAL35759
Nearby investment properties with comparable rents
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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 Meridianville at 217 Wilcot Rd, Meridianville, AL, 35759 earns $200/mo cash flow from $1,820/mo rent with a $1,394/mo payment. Total monthly income totals $1,820/mo, and annual cash flow totals $2,398/yr on $94,444 capital. ROI tracks 22.45% on current figures, and rental yield reads 7.67% at a $284,900 purchase. Equity gained on principal adds $1,838/yr, and 5% annual appreciation supports $78,713 over five years. Five-year ROI reaches 115.8% and total cumulative return in cash sums $109,367. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,820/mo property income instead of your personal income.
Single Family
Built in 2019
720 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35759, Meridianville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,413 (100%) |
| Owner Occupied HU | 4,647 (85.8%) |
| Renter Occupied HU | 536 ( 9.9%) |
| Vacant Housing Units | 230 ( 4.2%) |
| Median Home Value | $317,342 |
| Average Home Value | $350,392 |
Housing Distribution
Address Breakdown
Residential
5,332
Single Family
5,332
Multi-Family
0
Businesses
235
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Nearby investment properties with comparable prices
Listed by: Joanie Blackwell • RE/MAX Unlimited
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21872053
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