24158 Old Foley Rd #B49Q2ElbertaAL36530
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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 Elberta at 24158 Old Foley Rd #B49Q2, Elberta, AL, 36530 offers a 11.36% rental yield on a $260,100 purchase with $2,462/mo rent. Total monthly income registers $2,462/mo, and a $1,273/mo payment leaves $994/mo available for distribution. Annual cash flow reaches $11,927/yr on $86,223 to close, and return on cash invested stands at 33.74% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,861 over five years. Portfolio math shows five-year ROI at 176.29% and total cumulative return in cash at $152,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,462/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36530, Elberta, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,581 (100%) |
| Owner Occupied HU | 2,894 (63.2%) |
| Renter Occupied HU | 835 (18.2%) |
| Vacant Housing Units | 852 (18.6%) |
| Median Home Value | $286,771 |
| Average Home Value | $387,855 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,202
Multi-Family
0
Businesses
154
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