223 Michaels AveMonroevilleAL36460
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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 Monroeville at 223 Michaels Ave, Monroeville, AL, 36460 generates $1,552/mo in rent and, after a $564/mo payment, leaves $901/mo in cash flow. Total monthly income is $1,552/mo, and annual cash flow is $10,807/yr on $38,205 invested. Return on cash invested sits at 48.2% in year one, and rental yield is 16.16% on a $115,250 entry. Equity gained on principal adds $744/yr, while 5% annual appreciation builds toward $31,841 over five years. Five-year ROI reaches 253.89% and total cumulative return in cash sums $97,000. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,552/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36460, Monroeville, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,919 (100%) |
| Owner Occupied HU | 2,845 (57.8%) |
| Renter Occupied HU | 1,296 (26.3%) |
| Vacant Housing Units | 778 (15.8%) |
| Median Home Value | $172,455 |
| Average Home Value | $206,851 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
3,954
Multi-Family
317
Businesses
392
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Listed by: N/A • N/A
Mls Name: NextHome
Mls Provider:
Mls ID: #353271