234 Owens RdFort MitchellAL36856
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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 Fort Mitchell at 234 Owens Rd, Fort Mitchell, AL, 36856 uses $96,135 cash to close to unlock $8,500/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $2,398/mo, and a $1,419/mo payment keeps the spread at $708/mo. Purchase price stands at $290,000, and rental yield measures 9.92% with $2,398/mo rent. Return on cash invested shows 28.75% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 149.82% and total cumulative return in cash records $144,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,398/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2009
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36856, Fort Mitchell, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,948 (100%) |
| Owner Occupied HU | 2,088 (70.8%) |
| Renter Occupied HU | 600 (20.4%) |
| Vacant Housing Units | 260 ( 8.8%) |
| Median Home Value | $252,279 |
| Average Home Value | $237,555 |
Housing Distribution
Address Breakdown
Residential
2,911
Single Family
2,911
Multi-Family
0
Businesses
87
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Listed by: Riley Manasek • Keller Williams Realty River C
Mls Name: East Alabama BOR
Mls Provider:
Mls ID: #E101083
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.