246 N Court St UNIT JMontgomeryAL36104
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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 Montgomery at 246 N Court St UNIT J, Montgomery, AL, 36104 with 5% annual appreciation on a $227,100 basis while $1,778/mo rent supports operations. Total monthly income totals $1,778/mo and a $1,112/mo payment preserves $246/mo for cash returns. Annual cash flow comes to $2,948/yr on $75,284 deployed, and return on cash invested reaches 23.82% in year one. Equity gained on principal adds $1,465/yr, and five-year appreciation sums $62,744 alongside rental yield of 9.39%. Five-year ROI measures 124.58% and total cumulative return in cash totals $93,788.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,778/mo property income versus a $1,112/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2006
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36104, Montgomery, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,824 (100%) |
| Owner Occupied HU | 939 (19.5%) |
| Renter Occupied HU | 2,442 (50.6%) |
| Vacant Housing Units | 1,443 (29.9%) |
| Median Home Value | $125,781 |
| Average Home Value | $238,222 |
Housing Distribution
Address Breakdown
Residential
3,761
Single Family
3,151
Multi-Family
610
Businesses
1,196
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Listed by: N/A • N/A
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