229 Noble AveMontgomeryAL36104
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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 229 Noble Ave, Montgomery, AL, 36104 at $315,000 posts ROI 20.11% with $18/mo cash flow from $1,796/mo rent. Total monthly income equals $1,796/mo, and annual cash flow records $213/yr on $104,423 to close. Return on cash invested measures 20.11% and rental yield reads 6.84% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 103.22% and total cumulative return in cash totals $107,789.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,796/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36104, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,824 (100%) |
| Owner Occupied HU | 939 (19.5%) |
| Renter Occupied HU | 2,442 (50.6%) |
| Vacant Housing Units | 1,443 (29.9%) |
| Median Home Value | $125,781 |
| Average Home Value | $238,222 |
Housing Distribution
Address Breakdown
Residential
3,761
Single Family
3,151
Multi-Family
610
Businesses
1,196
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Listed by: Jeremy Kelly • Kelly Realty, LLC.
Mls Name: MAAR
Mls ID: #581980