220 New Searcy RdGreenvilleAL36037
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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 Greenville at 220 New Searcy Rd, Greenville, AL, 36037 generates $1,658/mo in rent and, after a $631/mo payment, leaves $880/mo in cash flow. Total monthly income is $1,658/mo, and annual cash flow is $10,562/yr on $42,764 invested. Return on cash invested sits at 44.61% in year one, and rental yield is 15.42% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 235.18% and total cumulative return in cash sums $100,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,658/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36037, Greenville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,508 (100%) |
| Owner Occupied HU | 3,388 (52.1%) |
| Renter Occupied HU | 2,071 (31.8%) |
| Vacant Housing Units | 1,049 (16.1%) |
| Median Home Value | $133,004 |
| Average Home Value | $166,742 |
Housing Distribution
Address Breakdown
Residential
5,809
Single Family
5,665
Multi-Family
144
Businesses
678
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