24189 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 24189 Harvester Dr, Loxley, AL, 36551 offers a 13.16% rental yield on a $266,900 purchase with $2,928/mo rent. Total monthly income registers $2,928/mo, and a $1,306/mo payment leaves $1,422/mo available for distribution. Annual cash flow reaches $17,062/yr on $88,477 to close, and return on cash invested stands at 39.19% in year one. Equity gained on principal adds $1,722/yr while 5% annual appreciation supports $73,740 over five years. Portfolio math shows five-year ROI at 205.53% and total cumulative return in cash at $181,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,928/mo property income against a $1,306/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
9,452 sqft lot
$N/A/sqft
No 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: Kasey Wiggins • Delta Realty LLC
Mls Name: Baldwin Realtors
Mls Provider:
Mls ID: #380765
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.