2217 McLeod RdLuverneAL36035
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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 Luverne at 2217 McLeod Rd, Luverne, AL, 36035 offers a 2.72% rental yield on a $900,000 purchase with $2,038/mo rent. 73% in year one. Equity gained on principal adds $5,808/yr while 5% annual appreciation supports $248,653 over five years. Portfolio math shows five-year ROI at 36.78% and total cumulative return in cash at $108,912. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,038/mo property income against a $4,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
97.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36035, Goshen, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 885 (100%) |
| Owner Occupied HU | 584 (66.0%) |
| Renter Occupied HU | 185 (20.9%) |
| Vacant Housing Units | 116 (13.1%) |
| Median Home Value | $131,579 |
| Average Home Value | $182,397 |
Housing Distribution
Address Breakdown
Residential
902
Single Family
902
Multi-Family
0
Businesses
44
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