23980 Wales StElkmontAL35620
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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 Elkmont at 23980 Wales St, Elkmont, AL, 35620 offers a 6.66% rental yield on a $252,900 purchase with $1,404/mo rent. 57% in year one. Equity gained on principal adds $1,632/yr while 5% annual appreciation supports $69,872 over five years. Portfolio math shows five-year ROI at 100.35% and total cumulative return in cash at $84,128. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,404/mo property income against a $1,238/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35620, Elkmont, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,045 (100%) |
| Owner Occupied HU | 3,136 (77.5%) |
| Renter Occupied HU | 705 (17.4%) |
| Vacant Housing Units | 204 ( 5.0%) |
| Median Home Value | $262,939 |
| Average Home Value | $298,829 |
Housing Distribution
Address Breakdown
Residential
4,065
Single Family
4,065
Multi-Family
0
Businesses
117
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Listed by: Jason McGee • EXIT Realty Downhome
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21875564
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