2264 Fernway DrMontgomeryAL36111
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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 Montgomery at 2264 Fernway Dr, Montgomery, AL, 36111 earns from $1,440/mo rent with a $2,080/mo payment. Total monthly income totals $1,440/mo. ROI tracks 11.74% on current figures, and rental yield reads 4.07% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 58.36% and total cumulative return in cash sums $82,217. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your personal income.
Single Family
Built in 1957
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36111, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,650 (100%) |
| Owner Occupied HU | 3,015 (53.4%) |
| Renter Occupied HU | 1,998 (35.4%) |
| Vacant Housing Units | 637 (11.3%) |
| Median Home Value | $210,299 |
| Average Home Value | $276,216 |
Housing Distribution
Address Breakdown
Residential
5,518
Single Family
4,591
Multi-Family
927
Businesses
232
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Listed by: Molly Drumwright • Bell & Corwin, Inc.
Mls Name: MAAR
Mls ID: #579303