246 Canterbury Farm RdGrimesAL36350
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Grimes at 246 Canterbury Farm Rd, Grimes, AL, 36350 generates $1,272/mo in rent and, after a $759/mo payment, leaves $397/mo in cash flow. Total monthly income is $1,272/mo, and annual cash flow is $4,761/yr on $51,383 invested. Return on cash invested sits at 29.17% in year one, and rental yield is 9.85% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 151.86% and total cumulative return in cash sums $78,028. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,272/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kaylie York • RE/MAX Traditions
Mls Name: SAMLS
Mls ID: #201639
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.