24158 Old Foley Rd #KECA31ElbertaAL36530
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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 #KECA31, Elberta, AL, 36530 uses $106,544 cash to close to unlock $14,363/yr annual cash flow and $1,197/mo monthly cash flow. Total monthly income runs $3,011/mo, and a $1,573/mo payment keeps the spread at $1,197/mo. Purchase price stands at $321,400, and rental yield measures 11.24% with $3,011/mo rent. Return on cash invested shows 33.39% in year one, and 5% annual appreciation builds toward $88,797 over five years. Five-year ROI reaches 174.39% and total cumulative return in cash records $185,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,011/mo property income covering a $1,573/mo payment rather than investor’s personal income.
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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