220 County Road 401 RdElbaAL36323
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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
Total monthly income runs $623/mo, and a $1,958/mo payment. Purchase price stands at $400,000, and rental yield measures 1.87% with $623/mo rent. Return on cash invested shows 5.11% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 22.77% and total cumulative return in cash records $30,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $623/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36323, Elba, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,997 (100%) |
| Owner Occupied HU | 2,349 (58.8%) |
| Renter Occupied HU | 957 (23.9%) |
| Vacant Housing Units | 691 (17.3%) |
| Median Home Value | $119,821 |
| Average Home Value | $173,306 |
Housing Distribution
Address Breakdown
Residential
3,219
Single Family
3,095
Multi-Family
124
Businesses
193
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Listed by: Megan Beal • 1st Class Real Estate Wiregrass
Mls Name: Wiregrass BOR
Mls ID: #554101
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.