230 Elliot DrMidland CityAL36350
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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 Midland City at 230 Elliot Dr, Midland City, AL, 36350 offers $2,369/mo rent that, after a $1,578/mo payment, leaves $549/mo cash flow. Total monthly income is $2,369/mo, and annual cash flow is $6,589/yr on $106,909 cash. Return on cash invested measures 26.07% in year one, and rental yield stands at 8.81% at a $322,500 entry. Equity gained on principal adds $2,081/yr while 5% annual appreciation compounds into $89,101 by year five. Five-year ROI records 135.22% and total cumulative return in cash reaches $144,560. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,369/mo property income versus a $1,578/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
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Listed by: Megan Rhodes • Keller Williams Southeast Alabama
Mls Name: SAMLS
Mls ID: #205933