23914 Harvester DrLoxleyAL36551
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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 Loxley at 23914 Harvester Dr, Loxley, AL, 36551 uses $74,554 cash to close to unlock $6,006/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $1,791/mo, and a $1,101/mo payment keeps the spread at $500/mo. Purchase price stands at $224,900, and rental yield measures 9.56% with $1,791/mo rent. Return on cash invested shows 27.96% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 145.49% and total cumulative return in cash records $108,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,791/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 2007
9,713 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36551, Loxley, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,427 (100%) |
| Owner Occupied HU | 3,273 (73.9%) |
| Renter Occupied HU | 810 (18.3%) |
| Vacant Housing Units | 344 ( 7.8%) |
| Median Home Value | $286,735 |
| Average Home Value | $327,897 |
Housing Distribution
Address Breakdown
Residential
3,997
Single Family
3,917
Multi-Family
80
Businesses
260
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Listed by: Rhonda Hice • Coldwell Banker Reehl Prop Fairhope
Mls Name: GCMLS
Mls Provider:
Mls ID: #7602645
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.